Margins at MTN South Africa have shown strong improvement in the third quarter, the telecommunications group said in a statement to shareholders on Monday. Revenue improved by 3,6% quarter on quarter, while margins
Splits are widening in the ANC over President Jacob Zuma’s leadership and a decision by prosecutors to charge finance minister Pravin Gordhan. The depth of the unease in the party was revealed on Sunday when
A new subsea broadband cable project, led by Angola, is set to provide a flood of international Internet bandwidth to countries on the west coast of Africa, including South Africa, when it goes live in mid-2018. The South Atlantic
Cell C’s full financial results, for the six months ended June 2016, provide detailed insight into the performance of South Africa’s third largest mobile telecommunications operator for the first time. The numbers are contained in a
With six weeks to go to before the end of the 2016 tax season, the South African Revenue Service has received over 4m tax returns. “Sars has already received 4 166 243 individual income tax returns. This figure also includes 1 217 428 returns received
President Jacob Zuma has received and accepted the resignation of Leah Thabisile Khumalo as a member and deputy chair of the board of the SABC with immediate effect. The president thanked Khumalo for her contribution
Time Warner has agreed to be acquired by AT&T in a stock and cash transaction that values the entertainment conglomerate at US$86bn, according to a person familiar with the negotiations. Investors will get up to $110/share
South Africa’s largest banks backed finance minster Pravin Gordhan’s stance that he has no power to stop them from closing the accounts of a company controlled by friends of President Jacob Zuma. FirstRand, Standard Bank, Barclays
In the latest episode of South Africa’s premier technology podcast, your hosts Duncan McLeod and Regardt van der Berg chat about Vumatel’s acquisition of Fibrehoods. Also this week, they look at Cell C’s financial results
MTN Group, responding in detail to allegations that the wireless carrier illegally moved more than US$14bn out of Nigeria, said central bank approvals were obtained before any dividends were issued. “No dividends were declared