Communications regulator Icasa has moved to quash conspiracy theories spreading through social media that next-generation 5G networks pose a health risk to consumers.
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The cryptocurrency industry’s struggles to attract mainstream investment continued last year as global fund raising and deals both dried up, according to a new report from PricewaterhouseCoopers.
Moody’s Investors Service has cut Telkom’s credit rating to “junk”, or “speculative grade”, and affirmed a negative outlook, the telecommunications operator told shareholders on Monday.
Cell C has appointed Simo Mkhize as chief commercial officer with immediate effect. Mkhize has 23 years of experience in the telecommunications industry, which includes five years at Cell C previously.
Naspers affiliate Tencent is looking to bring its paid music app Joox to some of Africa’s most populous countries after the streaming service proved a hit in Southeast Asia.
A Lisbon court has ordered the “preventive seizure” of a 26% stake in Portuguese telecommunications company NOS SGPS that’s controlled by Isabel dos Santos, Africa’s richest woman.
South Africa’s economy could contract by between 2% and 4% this year due to the coronavirus pandemic and measures to curb its spread, according to the Reserve Bank.
EOH Holdings is poised to slash employee salaries by as much as 20% in an effort to stave off a potential Covid-19 lockdown-induced crisis at the JSE-listed IT services group.
The rand hasn’t hit rock bottom yet. Even after falling to its weakest level on record against the dollar this week, South Africa’s currency has a better chance of extending the decline in coming months.
Helios Towers’ plans to expand following last year’s London share sale may have been waylaid by the coronavirus outbreak, but the Africa-focused company has $350-million primed and ready for when deal-making can resume.