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.
In a marked break from rivals Vodacom and Telkom, MTN South Africa is dialling back airtime advances to its customers.
Households will not be able to choose who sells them electricity when South Africa’s competitive electricity market opens.
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The fund plans to invest in the telecommunications, technology, logistics, health care, consumer and retail sectors.
Apple CEO Tim Cook sold stock worth about $41-million after taxes in his biggest sale in more than two years.
The SABC Bill kicks the can down the road on a funding model for the public broadcaster.
The State Security Agency was reportedly hacked days before the start of the Brics summit in Johannesburg in August.
There has been a worrying 36% increase in reported incidents of banking app fraud, according to Sabric figures.
The SABC has blamed MultiChoice for its failure to secure broadcasting rights for the ICC Cricket World Cup.
World News
The problem with posting blowout numbers is that it raises the obvious follow-up question: Can you top this? For Apple and Facebook, the answer may be no, or not anytime soon.
Samsung Electronics has snatched back the crown from Apple as the world’s biggest smartphone producer, accounting for a fifth of overall global sales in the first quarter, market research firm Canalys said.
Apple on Wednesday posted sales and profits ahead of Wall Street expectations, fuelled by 5G iPhone upgrades but warned a global chip shortage could dent iPads and Mac sales.
Huawei is in talks to take control of a Chinese car maker’s electric vehicle unit, two people said, in what is seen as a strategic shift for the world’s largest telecommunications equipment maker.
On 21 December, SpaceX made history by successfully launching a rocket and returning it to a safe landing on Earth. It’s also the day that SpaceX founder Elon Musk was nominated for a Luddite Award. The nomination came as part of a campaign by the Information Technology & Innovation Foundation
“The end of television” is a headline that’s been liberally thrown around for the past 15 years. Indeed, the past year saw audiences becoming more and more amenable to adopting new ways to watch TV shows, with live audiences for broadcast and cable programmes declining sharply
