TechCentral sat down with Cell C’s CEO and chief financial officer to discuss the operator’s plan not only to pull itself back from the brink but to put itself on a sustainable financial footing.
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The Public Investment Corporation is poised to take a stake in Liquid Telecom if Africa’s biggest fibre company goes ahead with a planned initial public offering, according to sources.
Cell C reported a net loss after tax of more than R8-billion in the 12-month period ended 31 May 2019 as the mobile operator battles its own internal cost problems and a weak economy.
Eskom has shortlisted three candidates for CEO to lead the loss-making utility out of its debt crisis, according to three people familiar with the process.
South African point-of-sale payments provider Yoco is launching a new, lower-cost POS terminal as it looks to double its customer base from 50 000 to 100 000 in the next year ahead of a further fundraising round.
The labour court of South Africa blocked a planned strike by banking workers on Friday, ruling that labour unions failed to comply with rules allowing demonstrations.
Bitcoin extended its five-day losing streak on Thursday and dropped below $8 000 for the first time since June as a growing list of concerns weighed on crypto assets.
A day before Blue Label Telecoms reports its annual results, the technology group has announced it will sell various businesses, including part of 3G Mobile, to deleverage its balance sheet.
Education technology company Snapplify has raised R30-million in “expansion capital” from Knife Capital via its Sars section 12J VC firm KNF Ventures and investment manager Hlayisani Capital’s Hlayisani Growth Fund.
Facebook posts by MPs can break the usual rules on the social network because they are newsworthy, according to the technology giant’s communications head Nick Clegg.