Long-serving MultiChoice Group director Imtiaz Patel will relinquish his executive duties in September 2020, the pay-television broadcaster said on Tuesday.
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Telkom issued a cautionary notice to shareholders on Tuesday saying it is in discussions in relation to a possible acquisition – and the most likely target is Cell C.
MultiChoice Group’s average revenue per user has fallen by 5% in South Africa as consumers continue to flock to lower-priced bouquets.
Vodacom spent almost R4.8-billion on expanding and improving its network in South Africa in the six months to 30 September 2018, an 18.2% jump from the same period a year ago.
Eskom has warned that the supply of electricity remains constrained, with a probability of load shedding all week.
Amazon Web Services plans to invest more than R365-million in developing 100% black-owned small ICT businesses in South Africa as part of an “equity equivalence” programme.
OLX Group, the Internet classifieds business in the Prosus stable, said on Monday that it will increase its ownership in online car marketplace Frontier Car Group.
First National Bank’s new First Business Zero Account, with no monthly fees, has made competitors sit up and take notice.
Vodacom Group eked out a 1.2% improvement in normalised operating profit for the six months ended 30 September 2019 on the back of 2.5% growth in both normalised revenue and service revenue.
France is weighing providing financial support to South Africa’s indebted utility Eskom, according to a newspaper report at the weekend.