MTN is building private 5G networks for 14 companies in the mining and ports sectors in South Africa, reports the Sunday Times. These networks will provide the firms with guaranteed coverage …
South Africa
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The iconic 34-storey “Absa Building” in Cape Town’s central business district is coming to market as a mixed-use development known as Foreshore Place. It is the second-tallest building in the …
- AfricaAFRICA NEWSBuildingNewsSouth AfricaSouthern AfricaTechnology
Carbon-neutral online shopping startup Curbon launches in South Africa
With a goal to curb carbon emissions, South African startup Curbon, will make carbon-neutral online shopping possible through the launch of the country’s very first plugin created to help fight climate …
- AfricaAFRICA NEWSEnergyNewsSouth AfricaSouthern Africa
South Africa’s Eskom targets 32% power tariff increase for next year
South Africa’s struggling utility Eskom is seeking an average power tariff increase of just over 32% for the financial year that starts on April 1 2023, much higher than originally …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesNewsSouth AfricaSouthern Africa
FirstRand declares highest dividend payout in its history
FirstRand, South Africa’s biggest banking group by market value, will pay a record dividend to shareholders as the bank benefits from a post-pandemic resurgence. The company, which owns First National …
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South Africa may lose 53% of graduates to emigration, survey shows
About half of South Africa’s top earners and university graduates are considering emigration as citizens lose faith in the country’s future, the Social Research Foundation said, citing a survey it …
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Banking transactions show slow recovery in South Africa
An index measuring South African economic transactions fell for a third successive month in August, suggesting that the economy is struggling to gain broad-based momentum after contracting in the second …
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Twitter shareholders vote in favour of Musk’s $44bn offer
Twitter shareholders approved billionaire Elon Musk’s proposed $44 billion buyout, paving the way for a trial next month to determine the deal’s fate. A majority of Twitter shareholders voted in …
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern AfricaSpotlight
France’s Canal+ doubles stake in MultiChoice in a year
Canal+, a unit of France’s $9.7 billion Vivendi SE, has been speeding up its acquisition of shares in South African television and entertainment company MultiChoice Group, with its stake having …
- AfricaAFRICA NEWSMobile Telecommunications Network (MTN)NewsSouth AfricaSouthern AfricaTechnologyTelecommunications
Operators call for consultation over government’s plan to shut 2G and 3G services in South Africa
South Africa’s biggest telecommunications operators, Vodacom, MTN and Telkom, have called for more consultation over government’s plan to terminate 2G and 3G services by 2025. The companies have warned that further …