MTN Group announced the disposal of its share in a Botswana joint venture as Africa’s biggest wireless carrier by revenue kicks off a drive to raise at least R15-billion from asset sales and strengthen the balance sheet.

MTN South Africa improved service revenue by 4.2% in the 2018 financial year while at the same time growing operating margins, parent MTN Group said on Thursday.

Hello Group, working with Sasfin, has launched a bid to bank the unbanked in South Africa with a new fintech offering that builds on its successes in the telecommunications and mobile financial remittance markets.

Microsoft has officially launched two Azure cloud data centres in South Africa, one in Cape Town and the other in Johannesburg, after the software giant missed an earlier deadline of December 2018 to take the facilities live.

Samsung Electronics is working on a pair of new foldable smartphones to follow its Galaxy Fold, seeking to seize an early lead in new market segment.

South African business confidence fell to a five-month low in February. The index dropped to 93.4 in February to from 95.1 in the previous month.