Vodafone Group has hinted it could spin off its African mobile money service M-Pesa after its popularity soared through the coronavirus pandemic.
Vodacom Group reported a strong 9% advance in revenue in the first quarter of its 2022 financial year, reaching R24.8-billion. If it hadn’t been for rand strength, the figure would have been 14.2%.
While government says it is investigating whether the apparent cyberattack on Transnet on Thursday is related to recent unrest in KwaZulu-Natal, a union has appealed for help to protect the state-run logistics and port operator.
Chip maker Intel said it still faces supply chain constraints and gave an annual sales forecast that implied a weak end of the year.
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State-owned logistics giant Transnet has fallen victim to a cyberattack, a report said on Friday. Details are still sketchy, but Transnet said an IT-related problem has affected container operations.
Convergence Partners, the private equity investment firm controlled by businessman and entrepreneur Andile Ngcaba, has announced the first close of its third fund after raising $120-million.
Chip makers from Taiwan to the US are cranking up production to address shortages that have hammered car manufacturers and other customers as they try to emerge from the coronavirus pandemic.