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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MTN Group is planning price increases in certain markets, as Africa’s largest wireless carrier battles with inflationary pressures.
Google is hoping to create some of the same consumer excitement generated by Microsoft’s update to rival search engine Bing.
MTN Group is in advanced talks with Axian Group to sell some of its West African markets, sources say.
The pair have travelled to China as Eskom implements record power cuts that are hobbling the economy.
Sasria appears to have walked back its earlier decision that it would no longer provide cover for damage caused by a collapse of Eskom’s grid.
The rand plunged to a three-year low on Wednesday as fears grew of load shedding worsening during winter.
World News
Tesla appears on the verge of joining the S&P 500, a major accomplishment for CEO Elon Musk that would unleash a flood of new demand for the electric car maker’s shares.
The Trump administration plans to finalise regulations this week that will bar the US government from buying goods or services from any company that uses products from five Chinese companies including Huawei.
Twitter has posted a job listing for Web engineers to build a new subscription-based platform, sending its shares surging on Wednesday.
Nvidia’s market valuation briefly topped Intel’s for the first time ever, powered by soaring demand for graphics chips in data centres and other fast-growing technology fields.
Six hundred media workers lost their jobs in South Africa in the past 12 months. Those remaining are working at organisations that are struggling to survive in a world where print is losing circulation and online earnings are not filling the
As SABC board chair Zandile Ellen Tshabalala fights off the demand for proof of her academic qualifications, it has emerged that she and the controversial chief operating officer Hlaudi Motsoeneng have tried to push through
