Massive areas of South Africa’s largest city were hit by power outages on Friday afternoon after a power line from state-owned utility Eskom tripped during planned maintenance.
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MTN Group has announced it will launch an instant messaging service akin to China’s WeChat and Facebook’s WhatsApp as it seeks to expand revenue from digital services and mobile money.
MTN Group shares soared by 18.1% on Thursday after Africa’s biggest wireless carrier started a R15-billion disposal plan to shore up the balance sheet.
Chinese technology giant Huawei is launching a US court challenge to a law that labels the company a security risk and would limit its access to the American market for telecommunications equipment.
MTN Group announced the disposal of its share in a Botswana joint venture as Africa’s biggest wireless carrier by revenue kicks off a drive to raise at least R15-billion from asset sales and strengthen the balance sheet.
MTN South Africa improved service revenue by 4.2% in the 2018 financial year while at the same time growing operating margins, parent MTN Group said on Thursday.
Hello Group, working with Sasfin, has launched a bid to bank the unbanked in South Africa with a new fintech offering that builds on its successes in the telecommunications and mobile financial remittance markets.
Microsoft has officially launched two Azure cloud data centres in South Africa, one in Cape Town and the other in Johannesburg, after the software giant missed an earlier deadline of December 2018 to take the facilities live.
As new banks with radically different cost structures enter the market, the question is whether South Africa’s large banks are well placed to respond to the digital onslaught.
Samsung Electronics is working on a pair of new foldable smartphones to follow its Galaxy Fold, seeking to seize an early lead in new market segment.