Regulatory roadblocks preventing Vodacom from buying into Maziv have led to a decline in fibre investment, Remgro’s CEO said.
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Mustek sees a “more stable period ahead” after slashing its dividend by 90% and reported an 82% slump in Heps.
Remgro-controlled CIVH, which ultimately owns Vumatel and Dark Fibre Africa, through Maziv, has swung to a loss.
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Consumer confidence recovered further in the third quarter to its best since 2019.
JSE- and Nasdaq-listed Lesaka Technologies has grown full-year revenue by 11% to R10.6-billion.
Shares in Mustek fell by more than 10% after the technology distributor warned of a steep decline in full-year earnings.
South African business sentiment has risen to an almost two-year high, underpinned by the end of load shedding.
President Cyril Ramaphosa told China’s Xi Jinping on Monday he wanted to narrow South Africa’s trade deficit with Beijing.
The rand strengthened to a 13-month high on Friday, supported by improved investor sentiment.