Tencent posted quarterly earnings that missed the lowest analyst’s estimate after a weakening economy hurt advertisement revenue.
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Bank Zero, the digital bank backed by former First National Bank CEO Michael Jordaan, is on track to launch in the first half of next year and is promising innovations to stamp out card fraud.
Telkom wants to buy Cell C in a plan that will include reducing its troubled rival’s debt and renegotiating contracts with suppliers, according to people with knowledge of the situation.
Though Telkom continues to invest in fibre-to-the-home broadband, the number of fixed lines in service fell by almost a quarter year on year in the six months to end-September 2019.
Telkom’s spending on its mobile network has skyrocketed – with capital expenditure well above guidance – as it invests big money to ensure its network can keep pace with rapidly growing demand.
As speculation swirls that Telkom has a made a third approach to Cell C about a potential acquisition, the financially distressed mobile operator on Tuesday said it is making progress on a planned recapitalisation.
Telkom will terminate 2G services in March 2020, CEO Sipho Maseko said in an interview with TechCentral on Tuesday. It will be the first national operator in South Africa to do so.
While the government pledged to name a new head of Eskom by the end of October, it’s missed repeated deadlines to act, evidence of how politically fraught the process has been.
The company, used the AfricaCom conference currently take place in Cape Town to announce the new offering, called Sentech Connect, which is aimed at government users.
Long-serving MultiChoice Group director Imtiaz Patel will relinquish his executive duties in September 2020, the pay-television broadcaster said on Tuesday.