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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Shoprite Group launched its first cashless store in Durbanville, Cape Town late last month, in what may be the start of a trend.
Repairs to the cable Ace, one of three subsea systems that broke off Africa’s western coastline, are under way.
Long-serving MultiChoice Group director Imtiaz Patel will step down as chairman of the board in March.
Intelsat is betting on lower orbits as older industry players try to keep pace with upstarts like Elon Musk’s SpaceX.
The ISP Association has criticised fibre network operators for making it difficult to switch internet providers.
eMedia is threatening urgent action against MultiChoice Group over its sublicensing agreement with the SABC.
World News
Microsoft president Brad Smith has cast doubt on whether fintech companies should issue currencies, saying governments are still best-placed to play that role.
Pony Ma, founder of Naspers affiliate Tencent Holdings, China’s biggest social media and videogames company, met with antitrust watchdog officials this month to discuss compliance at his group, sources said.
Former US President Donald Trump, who has been banned from Twitter and other major social media platforms, said he’s working on his own platform to reach his followers that could be announced soon.
Microsoft is in talks to buy messaging platform Discord for more than US$10-billion, Bloomberg News reported, citing people familiar with the matter.
South Africa’s television set-top box tender is coming under the spotlight as an investigation has been launched into its procurement process. Replying to questions from an ANC member in the national council of provinces in parliament on Thursday, the department of
On Monday, the market learnt that the Nigerian Communications Commission (NCC) had hit MTN with a fine of1,04 trillion naira for failing to deactivate unregistered Sim cards by a regulatory deadline. The fine, which equates to more than R70bn, is more than twice the entire group’s
