The rand plummeted and bonds extended declines as investors faced the stark reality of what bailouts for the embattled state power utility will cost South Africa.
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Blue Label Telecoms, which bought a 45% stake in Cell C in 2017 for R5.5-billion, has said in its annual report that it is “extremely disappointed” in the performance of the mobile operator.
South Africa has unveiled its long-awaited plan to save its debt-stricken state power utility, including exposing it to greater competition, lowering fuel costs, increasing renewable energy output and selling non-core assets.
South Africa is hopelessly ill-prepared for the move from Internet protocol version 4 to version 6, with IPv4 address space set to run out by as early as March 2020, the Internet Service Providers’ Association has warned.
Prosus has been accused of “selling down” and trying to depress the share price of its rival Takeaway.com in the fight to gain control of Just Eat.
Investors are getting constant reminders that it’s not cheap for technology giants to stay on top.
Google parent Alphabet is in talks for a potential acquisition of smartwatch maker Fitbit, a move that could bolster its hardware business while also increasing antitrust scrutiny.
Atlas Tower is selling its South African tower portfolio to shareholder SBA Communications for R2-billion.
Apple has announced a new version of its AirPods earphones, which will include noise-cancelling technology for the first time.
The SABC said on Monday that is has secured broadcast rights for the Rubgy World Cup final between South Africa and England after reaching an agreement with MultiChoice.