MTN’s network spending in South Africa fell 17.1% while Nigeria received nearly three times as much in capital investments.
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MTN Group faces a R3.9-billion write-down, cash it cannot move and a stake it cannot sell, just as Washington escalates.
New shareholders have taken up shares in Frogfoot, Vox and Hypa in a transaction valuing the businesses at R14.4-billion.
Households will not be able to choose who sells them electricity when South Africa’s competitive electricity market opens.
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Global smartphone sales rebounded strongly in 2024 after two successive years of decline, but Apple barely managed growth.
Durban has a sprawling new Takealot distribution centre located in the Brickworks Industrial Park.
OpenAI, Meta Platforms and Orange have reached an agreement to train AI programs on African languages.
The high court has found that former Dimension Data executives’ scheme to sell The Campus was “brazen and dishonest” – and now NTT wants them to pay up and be declared delinquent directors.
The decision by the Competition Tribunal to block Vodacom’s acquisition of a co-controlling stake in fibre operator Maziv is headed to the competition appeal court.
The broadcasters’ fight over channel removals and restrictions on sports sublicensing agreements has been settled.
World News
Major crypto player Genesis Global Capital suspended customer redemptions in its lending business on Wednesday
Ethiopia has reactivated the process of selling a 40% stake in Ethio Telecom and a separate plan to issue a second full telecoms licence.
Tencent Holdings on Wednesday said it will distribute most of its stake worth R350-billion in food delivery firm Meituan to its shareholders.
Apple is preparing to begin sourcing chips for its devices from a plant under construction in Arizona.
Tencent’s strategy for expanding WeChat Pay globally is pretty straightforward: follow the (tourism) money. It’s a smart strategy. But it’s also decidedly unambitious.
Microsoft’s earnings report and forecast cheered investors, providing further evidence the company can increase cloud sales and squeeze more profit from the area while cutting into Amazon.com’s massive industry lead.
