Norman Moyo, CEO of Econet Group-owned Distributed Power Africa, believes Africa can solve its power supply woes by unleashing the private sector in the same way as has happened in telecommunications.

MTN Group shares fell slightly on Monday after reports emerged that it was facing further claims in a US court that it paid protection money to terrorist groups in Afghanistan.

The Trump administration has fired multiple salvos against Huawei since the start of a campaign to derail China’s technological ascendancy. The latest blow threatens to cripple the country’s tech champion.

Eskom has demanded that consultancy PwC repay it R95-million, alleging the money was disbursed under an invalid contract. PwC has denied the allegation.

Ghana will implement a set of policies to reduce the dominance of MTN in the country’s telecommunications market, the government has said in a statement.

South African banks face the steepest earnings slump in half a century – with some posting losses – as measures to curb the coronavirus drag the economy deeper into recession.

Asset manager Ninety One has launched a R10-billion fund, in partnership with a private equity firm, that will target investments in South African businesses struggling due to the coronavirus outbreak.

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Huawei has launched a British advertising blitz to highlight its role in building the country’s broadband and mobile networks ahead of a UK security review that could see further restrictions on its activities.

The de facto leader of Samsung Group, Jay Y Lee, appeared before a Korean court on Monday, awaiting a ruling on whether new allegations will send him back to jail.