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 Africa will provide fiscal support to the motoring industry to help it transition to producing electric vehicles.
The price of diesel will rise by a record R2.84/l on Wednesday, raising the spectre of a fresh round of inflationary pressures.
National treasury has warned government departments that it is confronting significant budgetary challenges.
South Africans with a Luno wallet or VALR Pay will soon be able to use bitcoin to buy their groceries.
MultiChoice Group has appointed Marc Jury as interim CEO of its Showmax business as Yolisa Phahle gears up for retirement.
Europe’s car makers have a fight on their hands to produce lower-cost electric vehicles and erase China’s lead.
World News
Encrypted messaging app Signal appeared to no longer be working in China without the use of a virtual private network on Tuesday morning, users in the country said.
Tesla added “Technoking of Tesla” to billionaire CEO Elon Musk’s list of official titles on Monday in a formal regulatory filing that also named finance chief Zachary Kirkhorn “Master of Coin”.
While Volkswagen is one of the largest car producers, it’s now pitted against companies that have routinely disrupted industries, casting former leaders aside in the process.
Digital payments company Stripe raised $600-million in its latest round of funding, valuing it at $95-billion, the company said in a statement on Sunday.
The idea of establishing a new, open-access, wholesale-only wireless network (OAWN) in South Africa has received significant attention in recent months. Its purpose would be to stimulate greater competition in the provision
A US federal court has found that Apple infringed a patent held by the patenting arm of the University of Wisconsin-Madison. The patent describes a mechanism that…
