Naspers may be moving most of its Internet businesses to a new listing in Amsterdam, but the Cape Town-based technology investor is at pains to show it’s not abandoning South Africa.
Browsing: News
All the latest technology news from South Africa and around the world.
Naspers will list on its consumer Internet business on Amsterdam’s Euronext exchange on 17 July, subject to market conditions, in a bid to unlock shareholder value.
If you’re looking for evidence of South Africa’s faltering economy, the performance of shares in its biggest companies is a good place to start.
Eskom’s 96-year history is replete with former CEOs who rose from within the debt-laden state utility to run the company. There are few obvious choices for the next CEO to come from those same ranks.
Seacom said on Tuesday that it is adding eight new points of presence across Africa, including at the continent’s first Microsoft Azure data centres, in Johannesburg and Cape Town.
The JSE says it had enough time to look at all the facts when it made its pre-listing assessment of the Iqbal Survé-linked companies Ayo Technology Solutions and Sagarmatha Technologies.
Telkom CEO Sipho Maseko hopes to work with other industry players to present a plan to President Cyril Ramaphosa about how to deal with the challenge presented by the US’s blacklisting of China’s Huawei.
While its rivals Vodacom, MTN and Cell C struggle with flat growth in a tough economic environment, Telkom is killing it in the mobile business, showing astonishing growth in subscribers in the past year.
Vodacom Group’s unit in the Democratic Republic of Congo will lose the right to provide 2G services this week unless it renews a disputed licence, according to a government order.
Telkom is seeking an equity partner to help build more mobile network towers as the former South African phone monopoly seeks new ways to increase revenue away from its core, fixed-line business.