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.
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The alliance banking deal lets South Africa’s biggest retailer expand its financial services without becoming a bank.
MTN says it and Cell C have not agreed on certain terms of their commercial relationship.
Nvidia shares fell on a report that Jensen Huang had a relationship with an alleged Chinese intelligence asset.
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Business leaders in Durban are crying out for more decisive action to curb the widespread looting and anarchy in KwaZulu-Natal, including an immediate state of emergency.
South Africans are expected to face major food shortages in the wake of days of violent unrest across two key provinces, as rioters upend supply chains by looting supermarkets and torching goods trucks.
The rand was hovering around three-month lows in early trade on Wednesday, as the country prepared for what could be another day of unrest linked in part to anger over poverty and economic inequality.
Samsung Electronics, LG Electronics and Mustek have been heavily impacted by the ongoing lawlessness in KwaZulu-Natal, with Samsung’s distribution centre in Cato Ridge attacked by looters.
Icasa on Tuesday said it has received reports of 113 “network towers” across the country having been attacked by criminals in recent days as unprecedented violence and looting grip the country.
Three months after being forced to take down videos from its website in which it implored Adapt IT shareholders to accept its offer to buy the software services group, Huge Group has again gone on the offensive.
World News
Tencent-backed Chinese start-up Kuaishou is seeking to raise funds at about a US$17bn valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia. The company is targeting around $1bn
China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter. While authorities banned
Intel, trying to defuse concern that fixes to widespread chip security vulnerabilities will slow computers, released test results late on Wednesday showing that PCs won’t be affected much and promised more information on servers
Bitcoin slumped as South Korea’s justice ministry reiterated a proposed ban on cryptocurrency venues, fuelling concern that a government crackdown will erode one of the world’s biggest sources of demand for digital currencies
Convergence Partners, an investment company controlled by Dimension Data SA chairman Andile Ngcaba, wants to up its equity stake in Telkom, provided it can get more say…
Conspicuous for its consumer ethic, the computer industry has always embraced the belief that “more is best” — more machines, more processors, more power. Turning that on…
