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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South Africa’s Covid-19 vaccination programme has been partially halted as violent protests following the imprisonment of former President Jacob Zuma rage in two key provinces.
Telkom has joined MTN and Vodacom in shutting stores in violence-torn KwaZulu-Natal, and has now decided to close its outlets countrywide until further notice as a precautionary measure.
The rand dropped to a three-month low on Tuesday as concerns grew over escalating violence in the country following the jailing of former President Jacob Zuma.
Protesters clashed with police in several areas of South Africa and looters ransacked shopping malls on Tuesday as frustrations over poverty and inequality boiled over into the country’s worst unrest in years.
Violent protests have dealt a body blow to South Africa’s efforts to rebuild the economy in the wake of the coronavirus pandemic and pose the sternest test yet to President Cyril Ramaphosa’s authority.
President Cyril Ramaphosa pleaded for calm following days of protests that were triggered by last week’s incarceration of his predecessor and have claimed 10 lives, forced businesses to shut and weakened the rand.
World News
Virtual reality devices are still mostly purchased by a niche market: gamers. Google wants to change that. The Alphabet unit released a new VR headset with Lenovo Group on Tuesday, along with specialised cameras to support
It was one of the most important things Elon Musk has ever launched into space: a government satellite so shrouded in secrecy that virtually everything about it is classified. Its code name: Zuma. Only now, what was supposed
oPro has hired investment bank JPMorgan Chase & Co to advise on a potential sale of the struggling wearable-camera maker, according to a person familiar with the matter. Earlier on Monday, the company unveiled plans to cut
Nvidia, trying to spread its industry-leading graphics chip technology into new areas, has said Uber Technologies and Volkswagen will use its artificial intelligence expertise to help bring self-driving cars to the roads. Uber
JSE-listed technology group Altech is considering ramping up its investments in telecommunications infrastructure in SA and West Africa, effectively replicating its investments in East Africa. Altech CEO…
Stuart Ntlathi is just 22. But for nine years already, since the tender age of 13, he’s been rallying other youngsters to get them excited about science…
