Blue Label Telecoms is acquiring 35% of Cell C, injecting R4bn in new capital as part of a major restructuring of the telecommunications operator that will lead to current controlling shareholder
Local and international markets have reacted aggressively to the axing of the “capable finance minister” Nhlanhla Nene, according to TreasuryOne. International markets have displayed their
The sale of Altech Autopage’s subscriber base has been referred back to the Competition Commission, putting into question a planned shutdown date. In September, Johannesburg listed
Failure to get the R22,8bn Eskom wants to recover in its application to the National Energy Regulator of South Africa (Nersa) will weaken the power utility’s balance sheet and worsen its financial ratios, Eskom finance director Anoj Singh said on Wednesday. Eskom has
The rand tanked to its lowest level yet against major currencies on Wednesday evening, shortly after President Jacob Zuma removed Nhlanhla Nene as finance minister and replaced him with largely unknown David van Rooyen. By midnight, the rand was trading at
President Jacob Zuma on Wednesday announced the removal of finance minister Nhlanhla Nene from the finance portfolio in cabinet. “I have decided to remove Mr Nhlanhla Nene as minister of finance, ahead of his deployment to another strategic position,” Zuma said in a
More than three in four South Africans who were asked for a bribe ended up paying one, according to a survey conducted by the Ethics Institute of South Africa. The average traffic bribe costs around R200, it found, while most bribes were
Vodacom has expanded the number of markets where it’s offering discounted roaming charges, meaning contract customers can make calls while abroad for rates starting at R2,50/minute in countries where Vodafone operates (plus a few others) and going up to R7,50/minute
The percentage of television households in South Africa relying on free-to-air terrestrial services will fall by almost a third in the next three years as pay-satellite, pay-terrestrial and streaming alternatives continue to grow. Research firm Dataxis predicts
How can a person see around a blind corner? One answer is to develop X-ray vision. A more mundane approach is to use a mirror. But if neither are an option, a group of scientists led by Genevieve Gariepy has developed a state-of-the-art detector which, with some