Rain has formally requested to present the Telkom board with a proposal to merge the two companies. “Although the terms of such a transaction such as valuation and structure would …
Southern Africa
- Mobile Telecommunications Network (MTN)Southern AfricaTechnologyTelecommunications
- Information & TechnologySouthern AfricaTechnologyTelecommunications
MTN witnesses an increase in profit by 47%
MTN reported a 47% increase in profit for the six months to end-June, with subscribers increasing by almost 6% from a year ago to almost 282 million. This was despite …
Deutsche Bank AG is beefing up its investment banking team and services in South Africa as part of a plan to grow on the continent. The German lender has hired a …
- AfricaAFRICA NEWSAviationBusinessNewsNigeriaSouth AfricaSouthern AfricaTransportation & LogisiticsWestern Africa
South African Airways limits Naira usage for payment of tickets
South African Airways will henceforth allow passengers issue only Sold Inside Ticketed Inside (SITI), that is, trips emanating from Lagos-Johannesburg-Lagos tickets in naira. The airline disclosed this in a statement …
Amazon is advertising over 300 jobs in South Africa, including two positions that indicate that its plans to launch a marketplace in the country could come to fruition. The international …
- BusinessSouthern AfricaTransportation & Logisitics
Proton relaunches with affordable luxury SUVs in South Africa
Proton has returned to South Africa, and is launching with two luxury SUVs rolling out to dealerships across the country. The Proton X50 and the Proton X70 will be available …
- Banking, Finance & InvestmentBusinessSouth AfricaSouthern Africa
Nedbank reports 27% increase in earnings
Nedbank has reported a 27% jump in headline earnings to R6.7 billion for the six months to end-June. The jump was mostly driven by strong revenue growth of 11% to …
- AfricaBanking, Finance & InvestmentBusinessSouthern Africa
Standard Bank gets slamed by judged for application against homeowner in arrears
Standard Bank and its lawyers have come under fire from a Durban High Court judge for taking shortcuts in an application against a defaulting home owner. The bank sought default …
- AfricaAviationBusinessHospitality, Travel & TourismNewsNigeriaSouth AfricaSouthern AfricaTransportation & LogisiticsWestern Africa
Air peace suspends Johannesburg operations till October 8, 2022
Air Peace, on Monday, announced the suspension of its operations to Johannesburg, South Africa effective from August 22, 2022, due to delayed issuance of South African visas to travellers, worsening …
- AfricaAviationBusinessNewsSouth AfricaSouthern AfricaTransportation & Logisitics
Council suspends Mango Airlines’ licences
The Air Services Licensing Council has suspended South African low-cost carrier Mango airlines’ licences. The airline has been in business rescue since July last year. In a letter dated August …