MultiChoice has issued a trading statement warning shareholders that it expects to report a net loss in its interim financial results on Thursday. Last year the company announced earnings per …
Category:
Southern Africa
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Finance Minister Enoch Godongwana and Public Enterprises Minister Pravin Gordhan met with World Bank president David Malpass on Saturday to finalise funding to convert the recently decommissioned Komati coal power station …
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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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BusinessEnergySouthern AfricaTechnology
Eskom addresses R50 billion debt the South African government owes
South Africa has established a multi-disciplinary revenue committee to address municipal and government debt to Eskom which currently sits at around R50 billion. Eskom is part of the committee, and …
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MultiChoice has launched a Black Friday offer on one of its DStv Internet packages, giving customers 150GB of additional data over three months at no extra cost. For the month …
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BusinessEnergyOil & GasSouthern AfricaTechnology
Eskom reveals Kusile unit1 gas failure, possibilities of remaining offline for months
Eskom has revealed that a section of the Kusile unit 1 flue gas duct has failed and could remain offline for months. The power utility explained that the duct is …
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Banking, Finance & InvestmentEconomyEnergySouth AfricaSouthern Africa
South Africa’s growth rate would expand if it moves away from coal
South Africa could achieve higher economic growth if it moves away from coal and adopts renewable energy sources, a report by the World Bank shows. The Country Climate and Development …
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BusinessMobile Telecommunications Network (MTN)Southern AfricaTelecommunicationsWestern Africa
MTN asks Nigeria to lift block on tariff hikes
MTN Group Ltd. asked the Nigerian government to reverse a directive cancelling an increase in telecom tariffs implemented by operators last month, citing rising costs in the industry. The local …
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BusinessCryptocurrencySouthern Africa
Pick n Pay rolls out Bitcoin payments across stores in South Africa
Pick n Pay has expanded its Bitcoin payments trial to 39 stores across South Africa’s major cities, the retailer has announced. It plans to roll out to all its stores …
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Mobile Telecommunications Network (MTN)NigeriaSouthern AfricaTelecommunicationsWestern Africa
MTN Nigeria comments on the impact of SIM registration rules
MTN Nigeria says it is still feeling the impact of the country’s SIM registration regulations, which restricted the connectivity of unregistered cellphone users on the network, as mobile subscribers declined …