Government has given assurances that the electricity grid won’t be allowed to collapse. Yet increasing numbers of businesses are preparing for that very eventuality.
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Santam has announced it’s acquiring MTN South Africa’s mobile device insurance book, which has about 400 000 policies.
MTN Group said Eskom’s woes cost its South African operation R695-million in Ebitda in the 2022 financial year.
South Africa risks becoming a “failed nation state” unless government resolves the energy, corruption and unemployment crises, said Ralph Mupita.
Electricity minister Kgosientsho Ramokgopa has met with senior executives in South Africa’s telecommunications industry.
Vodacom South Africa has announced it will hike subscription prices for its popular Red tariff plans from 1 April.
IHS Holding is weighing a bid for Telkom’s tower unit, according to people familiar with the matter.
MTN South Africa is increasing its consumer post-paid subscription fees by an average of 5.1%. Voice tariffs are also rising.
MTN Group will invest the equivalent of R18-billion in Ghana over the next five years after the government exempted its Ghanaian unit from tax claims.
Telkom plans to raise R1-billion by the end of its financial year through the sale to external financial institutions of “qualifying receivables” related to upfront device sales.