MTN Group CEO Rob Shuter has moved to downplay the short-term impact and potential of 5G wireless technology, particularly in the markets in which it operates, saying it’s a “technology searching for an application”.

MTN Group has warned that renewed US-led economic sanctions against Iran had once again tied up funds in its second biggest market, scuppering plans to turn the country into a cash cow after years of troubles.

Naspers’s Video Entertainment unit, which has oversight of DStv parent MultiChoice, has created a new Connected Video unit and appointed a CEO to lead it.

The wild tweet hit Wall Street at precisely 12:48pm on Tuesday – and things just keep getting wilder. Seemingly out of the blue, Elon Musk proclaimed that he might pull his money-losing Tesla off the market.

Cryptocurrencies slumped on Wednesday, with bitcoin tumbling below $6 500 for the first time since July.

MTN South Africa has improved profitability on the back of a strong retail consumer business, though its enterprise segment is not turning around as quickly as had been hoped, putting pressure on service revenue growth.

Cape Town-based mobile loyalty software company wiGroup has been hit by what it’s terming “financial mismanagement”, which has led to forensic auditors being brought in.

NTT on Tuesday announced a major restructuring affecting several of its principal subsidiaries, including Dimension Data, NTT Communications and NTT Data, intended to make the group “more competitive and profitable” on the global stage.

The ratio of legal to illegal activity in bitcoin has flipped, according to Lilita Infante at the US Drug Enforcement Administration.

Elon Musk said he’s considering taking Tesla private in a radical step that would ease pressure on the money-losing car maker.