Vodacom is in talks with Cell C about taking on the smaller rival’s contract-paying mobile phone customers, a move that would strengthen its position as South Africa’s telecommunications market leader, sources said.
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It comes as no surprise that the South African unit of Walmart, Massmart, is in talks with unions to shut down its DionWired and Masscash stores, analysts say.
The National Security Agency alerted Microsoft that it had found a vulnerability in Windows operating systems that could enable cyber intrusions, according to two people familiar with the matter.
Bitcoin climbed to its highest since November as the debut trade of options linked to the digital currency boosted sentiment.
Scientists claim to have created the world’s first living robots using stem cells from frog embryos. The tiny hybrids are “entirely new lifeforms” known as xenobots and are able to move about.
State-owned power producer Eskom will be the “death knell” for South Africa’s mining industry unless the government enables mines to produce their own electricity, according to Exxaro Resources CEO Mxolisi Mgojo.
MTN Nigeria Communications surged by 10% in Lagos on Monday, the most allowed by the exchange and matching the biggest gain since its May market debut.
Massmart plans to close the 23-store DionWired chain of hi-tech appliance shops as well as 11 Masscash wholesale outlets, a spokesman said by phone on Monday.
Retail group Massmart Group, whose assets include Makro, Game and DionWired, warned on Monday that it’s likely to close a range of stores affecting the jobs of nearly 1 500 employees.
Shares in Telkom have rocketed more than 21% since reaching a multi-year low in intraday trading last Thursday, signalling that investors believe the sell-off was overdone.