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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The Global Partnership for Ethiopia, the Safaricom-led consortium that won a licence to build a network in the East African nation, has appointed Anwar Soussa to lead the venture.
Botswana has granted a generation licence for a 100MW solar project to local firm Shumba Energy, making it the first independent power producer to set up a large-scale solar plant in the country.
The National Prosecuting Authority said on Monday that Interpol has issued red notices for two Gupta brothers wanted in connection with alleged corruption.
South Africa hit a record of 26 000 fresh Covid-19 cases on Saturday, its second record-breaking tally in as many days, as a rampant third wave of infections coursed through a largely unvaccinated population.
Eswatini’s biggest mobile operator, MTN, has been sued after the company cut off users’ access to the Internet on 29 June in line with a government directive.
Less than a year after joining Telkom’s board, former Openserve CEO Alphonzo Samuels has resigned as a non-executive director. The company has also appointed two new directors.
World News
Bitcoin’s plunge extended to more than 25% on Friday as the frenzy surrounding digital currencies faced one of its biggest tests yet. The world’s largest cryptocurrency approached $10 000 as this week’s selloff entered a fourth
Didi Chuxing has scored another investment from SoftBank Group in a massive funding round that will bankroll the Chinese ride-hailing leader’s exploration of new markets and technologies. Didi said it’s secured
Facebook is introducing new facial recognition features that will automatically notify users when their photo is posted on the social network, the company said in a blog post on Tuesday. The new features are being rolled out in the
Elon Musk gave his 16.7m Twitter followers what he meant to send to the chief technology officer of virtual reality company Oculus: his phone number. “Do you have a sec to talk? My cell is …” Musk wrote from his account on Tuesday
Nigeria and Iran continue to perform strongly for MTN but in its home market of SA, where the market is fast maturing, growth is stalling. MTN is…
Nigeria has emerged as the shining star in MTN’s latest set of results, overtaking SA as the largest contributor to the company’s revenue in the six months to June. At the same time, the operations in Nigeria, which were considered by many investors
