MTN Group said Eskom’s woes cost its South African operation R695-million in Ebitda in the 2022 financial year.
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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.
Orange is considering strategic options for its African and Middle Eastern mobile towers business, including stake sales, sources said.
The Meta Platforms-backed 2Africa submarine broadband cable, which is being built around the African continent, has been brought ashore in Durban.