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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Excess deaths, seen as a more precise way of measuring total fatalities from the coronavirus, have risen to their highest level in the South African commercial hub of Gauteng since the pandemic began.
Huge Group said on Thursday that it will not meet the end-June deadline to publish its annual report and financial statements after its CEO, James Herbst, contracted Covid-19.
Cell C is in advanced talks with Rand Merchant Bank and Investec to provide it with about R4-billion rand in fresh capital, according to people familiar with the matter.
QSure, a big player in South Africa’s insurance industry, has been hit by a data breach in which bank account numbers and other sensitive information were compromised by a third party.
Eskom is pitching a R140-billion plan to global lenders that would see it shut the vast majority of its coal-fired plants by 2050 and embrace renewable energy.
MTN in Eswatini, the small, land-locked country on South Africa’s eastern border, said on Wednesday that it is struggling to keep its network operating amid rising unrest against the monarchy.
World News
US President Donald Trump directed Nasa on Monday to send American astronauts back to the moon and eventually to Mars, but eliminated his predecessors’ deadlines for such missions. “This is a giant step toward that inspiring future
In the race to commercialise a new type of powerful computer, Microsoft has just pulled up to the starting line with a slick-looking set of wheels. There’s just one problem: it doesn’t have an engine – at least not yet. The Redmond
Bitcoin has landed on Wall Street with a bang. Futures on the world’s most popular cryptocurrency surged as much as 25% during their debut session on Cboe Global Markets’ exchange, triggering two temporary trading halts
Apple is close to acquiring Shazam Entertainment, the start-up whose music recognition app is already built into Apple’s Siri virtual assistant, according to a person familiar with the discussions. A deal for the London-based app maker could be
