Mobile operator Cell C has reported R2.3-billion in profit before tax, a huge turnaround in fortunes from the R10.6-billion PAT loss it reported a year ago.
Cell C CEO Douglas Craigie Stevenson has criticised Telkom over its narrative that there is an abusive “duopoly” between Vodacom and MTN in South Africa’s mobile market, saying this argument no longer holds water.
Cell C’s largest shareholder, Blue Label Telecoms, disclosed on Thursday that a term sheet to recapitalise the mobile operator has finally been signed after protracted negotiations.
Telkom has appointed Lunga Siyo as CEO of its consumer business with effect from 1 October 2021. The role had been filled until now by incoming group CEO Serame Taukobong.
Naspers’s high-voting A shares once again ensured that all of the resolutions at Wednesday’s AGM were passed, despite hefty opposition from the N shareholders.
MultiChoice Group said on Thursday that it doesn’t believe it has to pay R32.8-billion to Nigeria’s tax authority – being half of a disputed outstanding tax amount – and that a “substantially” lesser amount is owed.
Telecommunications and IT services provider Vox has launched a weather channel online in partnership with presenter-meteorologist Annette Botha.
Microsoft has promoted chief product officer Panos Panay to the role of executive vice president and added him to the senior leadership team, the software maker’s top advisers to CEO Satya Nadella.
Tim Cook is poised to hit pay dirt – again. This week, the Apple CEO will collect the 10th and final tranche of the pay deal he received a decade ago after he took over the top job from co-founder Steve Jobs.
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