Iflix, a video streaming service with customers mostly in Southeast Asia, raised US$90m (about R1,2bn) in a round led by telecommunications giants Liberty Global and Kuwait-based Zain to take on Netflix and Naspers, which owns ShowMax, in Africa

Eskom spokesman Khulu Phasiwe on Tuesday confirmed that the power utility will expedite plans to close four power stations in order to accommodate renewable independent power producers. The stations are the 3GW Kriel, 1GW Komati, 2GW

MTN South Africa CEO Mteto Nyati has resigned to take the reins at Altron. Nyati, formerly MD of Microsoft’s South African subsidiary, will take the reins at Altron from Robbie Venter on 1 July. The surprise move by Nyati, who joined MTN in 2014

MTN has moved quickly to replace the CEO of its South African operation, Mteto Nyati, who is leaving the telecommunications group to take the reins from Robbie Venter as CEO of Altron. Altron announced after markets closed on Tuesday that

MTN Group is gauging investor interest for its first sale of rand-denominated bonds in seven years as Africa’s largest mobile phone operator struggles to repatriate earnings from its Nigerian business. MTN is “approaching the market and we will see

South African welfare minister Bathabile Dlamini denied she was responsible for failing to ensure plans are in place to dispense welfare grants to more than 17m people when an existing disbursement contract with Net1