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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Electricity minister Kgosientsho Ramokgopa said he can’t preclude the possibility of South Africa being plunged into even worse load shedding this winter.
Sasria, has told clients it won’t pay claims for damage related to a collapse of the national electricity grid, a report said.
Redefine Properties is looking at boosting its solar power generation capacity as it seeks to reduce its reliance on South Africa’s failing state-owned electricity utility.
President Cyril Ramaphosa has ordered army personnel to be stationed at power stations as theft and sabotage continue unabated.
The high court in Pretoria comes despite former Eskom CEO André de Ruyter warning that such a move would make the situation worse.
Rain has signed a roaming agreement with Vodacom to provide gap coverage where it hasn’t yet expanded its mobile network.
World News
Samsung Electronics’ second quarter earnings seem like good news. But it’s really not as simple as that.
Samsung Electronics flagged a 23% rise in second quarter operating profit on Tuesday, beating analysts’ estimates on solid chip sales to data centres.
Secretary of state Mike Pompeo said late on Monday that the US is “certainly looking at” banning Chinese social media apps, including TikTok.
The novel coronavirus may have been lying dormant across the world until emerging under favourable environmental conditions, rather than originating in China, an expert has claimed.
Freeman Nomvalo, the CEO of the State IT Agency (Sita), has promised that a turnaround strategy he is leading will transform the organisation for the better, but it could take as many as four years for the project to be completed fully. He told journalists
A Johannesburg start-up has been launched to take charge of the storage and distribution needs of e-commerce companies in South Africa. ParcelNinja was formed when online shopping website Wantitall decided to take charge of its logistics infrastructure to improve its own service and delivery
