Tesla will wind down Cybertruck production in mid-2027 to make room for its Cybercab robo-taxi.
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Cost cuts lifted Ebitda margin to 38.1% in the third quarter, but service revenue was flat and the prepaid base fell to 27.4 million.
MTN says it and Cell C have not agreed on certain terms of their commercial relationship.
Online now accounts for more than a tenth of TFG Africa’s sales, and the store estate is shrinking.
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Government on Thursday published changes to the Electricity Regulation Act, making it official that power producers of up to 100MW will not require a licence from energy regulator Nersa to operate.
MTN Group and Sanlam are joining forces to offer insurance products to the telecommunications operator’s hefty subscriber base on the continent, where relatively few have cover.
MTN Group is set to complete the sale and leaseback of South African towers by the end of next month, while a separation of both the fintech and fibre units is also under way.
Shares in Alviva Holdings jumped more than 18% in intraday trading on Thursday morning after the ICT distribution group said full-year earnings per share are likely to nearly double.
MTN Group doesn’t want to play second fiddle to other operators in Ethiopia, prompting its decision not to bid when the East African country tenders a second telecommunications licence soon.
MTN South Africa has turned in a resilient financial performance in the first six months of the financial year to June, with both margin expansion and strong sales growth during the period.
World News
Tencent Holdings slid in Hong Kong on Thursday after Asia’s most valuable company warned that growing investments in content and technology will compress margins. Its shares fell 2.4 percent in early trade, shaving
Facebook CEO Mark Zuckerberg broke his silence on the crisis over political-advertising firm Cambridge Analytica’s access to user data on the social network, outlining concrete steps the company is taking to make sure
Uber Technologies has halted autonomous vehicle tests after one of its cars struck and killed a woman in Tempe, Arizona, in what is likely the first pedestrian fatality involving the technology. The 49-year-old woman, Elaine
Facebook shares fell the most in two months on Monday as American and European officials demanded answers to reports that a political advertising firm retained information on millions of Facebook users
Vox Telecom will feel “short-term pain” as wholesale mobile call termination rates fall. But the AltX-listed company should be able to rebuild lost profit within two years…
IBM is ramping up its investment in Africa dramatically, with plans to open offices in six new markets, extending its presence across the continent to eight countries.…
