EOH Holdings has “proactively initiated” an internal investigation into subsidiary EOH Mthombo’s channel partner business unit after Microsoft served a notice of termination on two agreements with the company last Friday.

EOH Holdings on Friday published an open letter to its stakeholders after its shares were pummelled this week following the news that Microsoft had terminated two partner agreements with its subsidiary, EOH Mthombo. Read the full letter here.

South African police arrested a former ambassador to Iran on corruption charges related to the award of a mobile phone licence to MTN Group after it was initially given to Turkcell.

The chairman of communications regulator Icasa will stay on in the role because the telecommunications and broadcasting authority claims it is not empowered to remove him.

While most South Africans spent the past week griping about rolling power cuts, the outages proved a blessing for cable thieves, who are able to work during the blackouts without fear of electrocution.

A lobby group representing South African banks has urged President Cyril Ramaphosa to prioritise the country’s wider interests rather than securing votes for the ANC.