The goodwill makes Vodacom’s balance sheet vulnerable to impairment if Maziv fails to deliver expected growth.
Top News
Vodacom CEO Shameel Joosub has compared voice’s decline to the same trajectory SMS followed into irrelevance.
Vodacom and MTN groups’ fintech arms now process a combined value of over $1-trillion/year in transactions.
Prosus is selling a 5% Delivery Hero stake to Aspex Management to fulfil European Commission commitments.
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Canal+ is investing €100-million to fix MultiChoice – but a continued subscriber exodus shows righting the ship won’t be easy.
Absa has taken a R2.4-billion hit after a strategy shift left software assets with zero recoverable value.
Leo Brent Bozell III has highlighted the billions in American tech investment in South Africa – and the stakes for relations.
Africans lead the world in stablecoin use, driven by dollar demand and weak banking infrastructure.
Eskom tariffs will rise by 8.76% from April after Nersa formally approved hikes triggered by its own error.
Weaver Fintech’s revenue has jumped as its fast-growing fintech arm eclipses the retail business it was built on.
World News
Microsoft is laying off some 3% of its workforce, or around 6 000 employees, as the technology giant looks to rein in costs.
Audible is working with book publishers to convert print and e-books into AI-voiced audiobooks.
Apple is planning to use AI technology to address a frequent source of customer frustration: the iPhone’s battery life.
Luka Mucic, chief financial officer at Vodacom parent Vodafone, will step down by early next year.
