MTN’s network spending in South Africa fell 17.1% while Nigeria received nearly three times as much in capital investments.
Top News
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.
More News
Communications minister Solly Malatsi’s decision to withdraw the SABC Bill is causing major political ructions.
Teraco has raised an R8-billion syndicated loan and announced it will build a 40MW “hyperscale” data centre in Johannesburg.
Technology investor Prosus hopes to list Indian digital payments and lending firm PayU next year.
These are the articles, videos and more that caught the attention of TechCentral’s editorial team in the past 24 hours.
Prosus and Naspers have invested $1.3-billion building a 31% stake in Swiggy ahead of its listing on Wednesday.
A 2G/3G shutdown deadline should not be imposed by government, communications minister Solly Malatsi said.
World News
With Elon Musk on the verge of taking over Twitter comes news that he plans to gut its workforce, with cuts of up to 75%.
Elon Musk said he was excited about his pending acquisition of Twitter, although he was overpaying for the social media company.
The global smartphone market had its worst third quarter since 2014 as economic headwinds pushed consumers to delay discretionary purchases.
Uber Technologies is launching a dedicated advertising arm in a push to cash in on a captive audience and tap the higher-margin revenue stream.
Penalties meted out by the US on ZTE were meant to punish the company for breaking trade sanctions. They certainly hurt its shareholders. Stock in the Chinese telecommunications equipment maker plunged
The Public Investment Corp and African Equity and Empowerment Investment Group, Sekunjalo’s listed vehicle, value Ayo Technology Solutions at a healthy R14.8bn. The market values it at R11.3bn, which, while substantially
