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The rand, which managed to avoid a major blowout following riots in two of South Africa’s key provinces in July, finally gave way and weakened below the psychological R15 to the US dollar level on Thursday.

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Huawei Technologies is selling its majority slice of its global submarine cable division, exiting the business of laying undersea piping for the Internet just weeks after the Trump administration blocked it from buying American technology.

Cell C will also switch on a fourth-generation (4G) mobile network using long-term evolution (LTE) technology in 2012, but the company is not saying where this network will be built or how many towers will be supported. CEO Alan Knott-Craig says

The status quo in SA’s telecommunications industry is “not sustainable” and a wave of consolidation is coming soon. That’s the view of Cell C CEO Alan Knott-Craig, who says he expects a big shake-up in the industry, possibly within the next six months, with smaller players reaching out to each