Cost cuts lifted Ebitda margin to 38.1% in the third quarter, but service revenue was flat and the prepaid base fell to 27.4 million.
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The alliance banking deal lets South Africa’s biggest retailer expand its financial services without becoming a bank.
MTN says it and Cell C have not agreed on certain terms of their commercial relationship.
Nvidia shares fell on a report that Jensen Huang had a relationship with an alleged Chinese intelligence asset.
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Sustained load shedding has been devastating for the South African economy and the telecoms industry, Vodacom Group CEO Shameel Joosub said.
China’s Great Wall Motors (GWM) is bringing the Ora electric car to South Africa, and it’ll be the country’s cheapest EV – although it’s still far from cheap.
South Africa is ahead of its target for cutting emissions of greenhouse gases.
Altron’s ability to deliver double-digit revenue growth is evidence of its strong annuity and defensive earnings base, CEO Werner Kapp said.
The public enterprises minister undermined upper management, disrupting efforts to end the nation’s energy crisis, said former CEO André de Ruyter.
Vodacom Group reported a 6.4% drop in full-year profit due to load shedding and operational activities.
World News
It was sold as an all-or-nothing moonshot into space, the boldest pay package in corporate history. Now, with Tesla’s stock on a seemingly unstoppable rise, Elon Musk is poised to collect $2.4-billion.
Tesla’s eye-popping run has left stock prognosticators in the dust, brought smaller imitators along for the ride and triggered a race by entrants new and old to cash in.
Apple is getting close to overtaking Saudi Arabia’s state-owned oil company in market valuation, a milestone that would make the technology giant the world’s largest company by that measure.
India’s richest man surged past Silicon Valley tech titan Elon Musk as well as Google co-founders Sergey Brin and Larry Page to become the world’s sixth-richest person.
You can smell the genius in the air. And there’s a hint of coffee there, too. The university students taking part in Siemens’ Cyber Junkyard 2014 have conceptualised and built automated machines to address a need in the industries that they
Apple Pay has been launched to much fanfare. People with the iPhone 6 or 6 Plus are now able to make credit card payments at certain shops and restaurants in the US. But Apple Pay isn’t the first of its kind and the technology it uses has actually been around for the past 15 years. So why has
