A recent court decision has come as big blow to Telkom. A judgment handed down on 25 March by the supreme court of appeal held that a R3.9-billion foreign exchange loss and a R136-million incentive bonus were not deductible.
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All the latest technology news from South Africa and around the world.
A bad start to the year for stocks? That hasn’t applied to Naspers, as the coronavirus confined hundreds of millions of consumers indoors, driving demand for online services and entertainment.
MTN Group will push on with a plan to reduce its majority stake in its Nigerian business, though turmoil caused by the coronavirus may require the sale to be done in smaller chunks than anticipated.
MTN Group CEO Rob Shuter was paid R58.2-million in the 2019 financial year, a 35.7% increase on his total remuneration for 2018, but even these generous rewards were not enough to keep him.
The JSE is launching virtual annual general meetings in South Africa to allow investors to engage with shareholders during the Covid-19 pandemic.
After weeks of brutal selling, technical gauges are signalling potentially positive developments ahead for battered crypto assets.
South Africa will roll out a mass screening programme for the coronavirus and despatch about 10 000 field workers to check up on people in their homes, the first country in sub-Saharan Africa to do so.
South Africa’s largest technology and media group, Naspers, has announced it will provide R1.5-billion in emergency aid to the fight against the Covid-19 pandemic in the country.
A cable ship has been sent to fix the break in the West African Cable System off the coast of England. Repairs are expected to be completed on Saturday, 4 April.
The Independent Communications Authority of South Africa will extend the validity of existing radio frequency spectrum licences due to South Africa’s Covid-19 lockdown.