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 …
South Africa
- AgricultureBusinessEastern AfricaEconomySouth Africa
Tanzania Exports it’s First Consignment of Processed Cashew Nuts to the US
Tanzania has exported its first consignment of processed cashew nuts to the United States, as the country seeks to move away from exporting raw nuts to value-added ones. The eight-tonne …
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 …
- 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 …
Glencore officials delivers cash in private jets to officials across Africa, UK prosecutors said as they laid out a web of bribery and corruption orchestrated by the London oil trading …
- AmazonBusinessMarketsSouth AfricaTechnology
Amazon market value witnesses $1 trillion decrease for the first time since 2020
Amazon.com Inc. shares fell on Tuesday, with the e-commerce and cloud-computing company closing below $1 trillion in market value for the first time since the early days of the Covid-19 …
- AmazonBusinessEconomySouth Africa
Elon Musk announces $8 monthly charges for twitter verification badge
Elon Musk said the premium version of Twitter, called Blue, will cost $8 (R145) a month and will include a verified check mark for paying users’ accounts. Musk, who acquired …
- 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 …
- 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 …
Naira fell significantly against the U.S dollar at the unauthorized parallel market on Monday, extending the local unit devaluation to N800 at the close of business. This implies a 2.83 …