The management of the South African Post Office has been instructed to review all of the company’s contracts to ensure they are still relevant to the business requirements.
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Blue Label Telecoms said on Monday it will report a sharp swing back into profit in the six months ended 30 November 2019 after previously writing down the value of its 45% stake in mobile operator Cell C to zero.
Adapt IT, pressured by a collapsing share price and a sub-optimal balance sheet, is reviewing its capital structure with a view to reducing its gearing – or the proportion of its debt to equity.
SAP Africa’s head said the German software company is battling to complete investigations after allegations its employees paid kickbacks for government business in East and Southern Africa.
Although yet to recover from Edcon’s woes and downsizing, South Africa’s shopping centre landlords are set to face even more intense rental negotiations with other major retailers.
Huawei reaffirmed its bet that expensive folding smartphones will excite consumers into upgrades, and that Apple’s iPad Pro is a design worth imitating for a new line of tablet computers.
Finance minister Tito Mboweni’s budget this week is unlikely to convince Moody’s Investors Service that he has a credible plan to rein in government debt.
JSE-listed software services group Adapt IT has reported a 35% decline in headline earnings per share despite a 10% increase in revenue for the six months to 31 December 2019.
Samsung Electronics will shut down operations at a plant in Gumi City, South Korea, after an employee was confirmed to be infected with the coronavirus.
The JSE-listed City Lodge Hotels group has invested about R20-million in solar energy at 25 of its hotels and is planning to expand the initiative to a further 12.