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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South African fintech Ukheshe has announced it now offers cryptocurrency payments through its Scan to Pay app.
The appointment of a new CEO at Eskom has been delayed by a dispute over the age of the prospective candidates.
MultiChoice Group has announced that it will phase out Showmax Pro ahead of the planned relaunch of the Showmax platform.
Eskom said it will work hard to avoid anything higher than stage-4 load shedding this summer.
Red Rocket has raised R3-billion in funding to help the business expand across the region.
South Africa is set to miss all but one of the 2030 targets the National Planning Commission set just over a decade ago.
World News
David Cameron’s work for Greensill Capital, which has dragged the British government into a lobbying scandal, has showcased the trend of politicians taking jobs at companies tapping the global tech investment boom.
Two decades ago, the world’s biggest software maker was in the US government’s antitrust crosshairs for its business practices surrounding its operating system monopoly. Things are different now.
Just three months after Taiwan’s TSMC shocked investors with a record spending plan, the world’s most important chip maker doubled down with an even bigger budget.
Coinbase Global was valued at $86-billion at the end of its Nasdaq debut on Wednesday, in a choppy day of trading when its valuation went as high as $112-billion.
Johannesburg will become a megacity by 2030, meaning the city will have to adapt to accommodate over 10m residents, with the Internet key to its nervous system. A report by Allianz entitled “The Megacity State”, explains that in 1950, there were just two of these conurbations of at least 10m
Jeff Bezos may not have gone where no man has gone before, but in successfully landing its New Shephard rocket back on Earth, his rocket company Blue Origins has pipped ahead of rivals in the race to make space commercially viable. It’s a significant coup in the latest incarnation of the space race. And it may have
