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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Interbank payments provider BankservAfrica has appointed Stephen Linnell as its new CEO, replacing Jan Pilbauer
South Africa has released a draft law that will facilitate the creation of a company to house Eskom, Transnet and other SOEs.
Bob van Dijk is stepping down as CEO of both Naspers and its European-listed spinoff Prosus with immediate effect.
After a rough workweek of load shedding – much of it at stage 6 – Eskom is promising an improved outlook for the week ahead.
Spar Group’s CIO, Mark Huxtable, has resigned from the South African food and liquor retailer.
Postbank’s legal dispute with payment switch provider has shed light on ongoing troubles in the payment of social grants.
World News
Huawei Technologies’ quarterly revenue shrank for the first time on record, reflecting the devastating impact of US sanctions on China’s largest technology company.
A new study has found that the global semiconductor supply chain has become increasingly vulnerable to natural disasters and geopolitical disruptions.
Volkswagen of America’s purported name change to “Voltswagen” was an April Fool’s joke gone bad.
China’s Huawei Technologies reported modest annual profit growth for 2020 as overseas revenues declined due to disruption caused by the pandemic and the company’s placement on a US export blacklist.
A home-grown cellphone brand, AG Mobile, which offers low-cost handsets into the mass market, is starting to challenge the big-name brands for dominance of the South African market. AG Mobile, an
After two weeks of uncertainty in which its share price fell by 17,5%, MTN finally provided some clarity to shareholders on Monday. The announcement that CEO Sifiso Dabengwa had resigned with immediate effect led to the first substantial engagement with the market since the operator was issued
