MTN and South African Revenue Services (SARS) are battling a case where the mobile network operator demands clarity about how VAT should apply to airtime vouchers according to PricewaterhouseCoopers (PWC) …
Press Office
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BusinessGlobal NewsMobile Telecommunications Network (MTN)Southern AfricaSpotlightTelecommunications
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AmazonBusinessEconomyMarketsSouth AfricaTechnology
Amazon is the first public company to lose $1 trillion in market value
Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered …
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AmazonBuildingBusinessEconomyFinance & ServicesSouth Africa
Big win for Amazon’s new headquarters in South Africa
The developers behind the R4.6-billion multi-purpose complex in Cape Town set to house Amazon’s new African headquarters scored a major court win on Tuesday. The Supreme Court of Appeal dismissed …
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AirtelBusinessMarketsNigeriaTechnologyUncategorized
Jumai CEOs Sacha piognonnec and jeremy hodara step down as firm suffers losses
The founders and co-Chief Executive Officers of Jumia Technologies, Sacha Poignonnec and Jeremy Hodara, have both stepped down from their position with immediate effect. This is as the Africa-focused e-commerce …
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AirtelBusinessMobile Telecommunications Network (MTN)NigeriaSpotlightTelecommunications
FIRS briefs MTN, Airtel and commercial banks on the collection of VAT
The Federal Inland Revenue Service (FIRS) has appointed telecommunications giants, MTN and Airtel, as well as commercial banks or deposit money banks in Nigeria to withhold Value Added Tax (VAT) …
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AirtelBusinessEconomyINVESTMENTMarketsNigeria
Stock investors lose N3.28tn on their investment in three months
Stock market investors on the floor of the Nigerian Exchange Limited lost N3.28tn of their investment between August 1 and October 31, 2022. The trading activities, which began with a …
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AmazonBusinessGlobal NewsSpotlightTechnology
Facebook CEO makes plans to layoff thousands of employees
by Omolaraby OmolaraFacebook-parent Meta will become the latest tech firm to scale back its workforce, with plans to layoff thousands of employees this week, US media reported Sunday. The Wall Street Journal, …
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BusinessMobile Telecommunications Network (MTN)Southern AfricaTelecommunications
MTN South Africa releases update on service revenue
MTN South Africa has published its quarterly trading update for the three months ended September 2022, revealing that service revenue grew by just 2.2% year-on-year in South Africa. For the third …
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BusinessMarketsMobile Telecommunications Network (MTN)South Africa
MTN South Africa revenue grow by 2.2% yearly and hit by Cell C rescue and load-shedding
MTN has published its quarterly trading update for the three months ended September 2022, revealing that service revenue grew by just 2.2% year-on-year in South Africa. For the third quarter of 2022 …
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AFRICA NEWSBanking, Finance & InvestmentBusinessEconomyGhanaMobile Telecommunications Network (MTN)
MTN Ghana to increase service revenue by a quarter
MTN’s Mobile Money (MoMo) service in Ghana is taking a hit from the introduction of a levy on electronic transfers which came into effect in May, with revenue from person-to-person …