MTN Group has warned that renewed US-led economic sanctions against Iran had once again tied up funds in its second biggest market, scuppering plans to turn the country into a cash cow after years of troubles.
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The wild tweet hit Wall Street at precisely 12:48pm on Tuesday – and things just keep getting wilder. Seemingly out of the blue, Elon Musk proclaimed that he might pull his money-losing Tesla off the market.
MTN South Africa has improved profitability on the back of a strong retail consumer business, though its enterprise segment is not turning around as quickly as had been hoped, putting pressure on service revenue growth.
Cape Town-based mobile loyalty software company wiGroup has been hit by what it’s terming “financial mismanagement”, which has led to forensic auditors being brought in.
NTT on Tuesday announced a major restructuring affecting several of its principal subsidiaries, including Dimension Data, NTT Communications and NTT Data, intended to make the group “more competitive and profitable” on the global stage.
Elon Musk said he’s considering taking Tesla private in a radical step that would ease pressure on the money-losing car maker.
Over 60% of all transactions in South Africa are conducted in cash, and this increases to as much as 90% in rural areas where both informal retailers and low-income levels prevail
Japan’s Nippon Telegraph and Telephone Corp will merge its subsidiaries Dimension Data, NTT Communications and NTT Data, Nikkei Asia Review reported, confirming a report last week by TechCentral about the plans.
The Advertising Standards Authority of South Africa has ruled that Vodacom is not in breach of the advertising codes in claiming to have South Africa’s best network in its advertising materials, delivering a setback to rival MTN.
An organisation calling itself the Durban Anti-Cell Mast Alliance on Friday filed papers at the high court in Durban to stop MTN South Africa from rolling out new towers in the coastal city, it said.