Bitcoin reminded investors of both its promise and peril in trading this weekend. The world’s largest cryptocurrency rose to $12 112, its first foray above $12 000 since August 2019, before plunging.
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Rob Shuter, the outgoing president and CEO of MTN Group, will join BT Group as CEO of the British company’s Enterprise unit and will become a member of BT’s executive committee.
MTN Group shares fell on the JSE on Friday after Africa’s largest telecommunications operator by subscribers said it was scrapping an interim dividend payment to shareholders.
Zimbabwean finance minister Mthuli Ncube doesn’t see a quick resolution to the country’s battle with its most successful company.
Facebook has completed a series of deals for the right to show music videos, according to people familiar with the matter, vaulting the social network into a medium dominated by YouTube.
Eskom plans to cancel a contract to buy as much as R14-billion of fuel oil from Econ Oil & Energy after a probe it commissioned found Econ’s fees had been inflated.
The Zimbabwean businessman is seeking buyers for 20% to 34% of Liquid Telecommunications Holdings for as much as R10-billion, though Covid-19 is frustrating those efforts, sources say.
The Wireless Access Providers Association warned on Thursday that millions of dollars of planned investment in television white-spaces technology in South Africa is at risk over regulatory delays.
After briefly entering the PC market in South Africa a few years ago and then beating a strategic retreat, Huawei is poised to reintroduce its MateBook laptops in the local market.
MTN Nigeria’s profit margin, measured using Ebitda, fell by two percentage points to 51.3% in the six months to June 2020, partly due to accounting changes and Covid-19.