Net1 UEPS Technologies has become the second JSE-listed company, after Blue Label Telecoms, to delay publication of financial results because of the ongoing financial woes at Cell C.
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MTN Group is making a number of changes to its executive leadership team across Africa.
The regulator’s complaints and compliance committee has fined MTN South Africa R5-million – R2-million of which is suspended for three years – for contravening regulations when it hiked the tariffs on one of its data plans.
There is a need to ensure broadband access for all in order to overcome social, economic and spatial inequality, finance minister Tito Mboweni said this week.
MTN South Africa CEO Godfrey Motsa has penned a powerful e-mail to the company’s employees, decrying the xenophobic attacks on foreigners over the past week as well as violence against women.
MTN Group and Shoprite are among South African firms facing a backlash to xenophobic violence in their home country.
Just days after news emerged that Cell C was pulling the plug on its wholesale fixed-LTE broadband plans, MTN South Africa has stepped into the breach, offering high-capped packages at aggressive price points.
Huawei lashed out at the US government on Tuesday, accusing it of orchestrating a campaign to intimidate its employees and launching cyberattacks to try and infiltrate its internal technology systems.
Shareholders in telecommunications company Vox, including Rand Merchant Bank, have agreed to buy out fellow investor Investec as part of a R2-billion recapitalisation of the company.
Communications minister Stella Ndabeni-Abrahams has criticised national treasury’s discussion document on growing South Africa’s economy, suggesting the document’s chapter on telecommunications is outdated.