300 A powerful winter storm sweeping across large parts of South Africa has caused widespread power outages, with the Western Cape worst affected after the South African Weather Service issued warnings for…
Category: Business
Voice going the way of SMS, says Vodacom CEO
247 Vodacom Group CEO Shameel Joosub Mobile voice revenue is following the same structural decline as SMS, Vodacom Group CEO Shameel Joosub said in an interview on Monday – an unusually direct…
Vodacom’s fintech machine tops 100 million customers
242 Vodacom Group’s fintech business has surpassed 100 million customers for the first time, with the JSE-listed telecommunications operator reporting 103 million active financial services users in the year ended 31 March…
Where AI actually belongs in enterprise systems
222 Artificial intelligence is now firmly on the enterprise agenda. From boardrooms to product teams, organisations are exploring how AI in business can improve decision-making, automate complex processes and unlock new insights…
Naspers unit offloads stake in food giant for R6.5-billion
224 Prosus, the Naspers-controlled consumer internet group, has agreed to sell a 5% stake in German food delivery giant Delivery Hero to Aspex Management for approximately €335-million – around R6.5-billion at the…
Vodacom paid nearly twice book value for its Maziv stake
234 The detail in Vodacom Group’s full-year results announcement, released on Monday, reveals just how richly the South African mobile operator has valued its long-fought-for acquisition of a stake in Maziv –…
Vodacom Group customer base swells past 237 million
215 Vodacom Group CEO Shameel Joosub Vodacom Group leaned heavily on its Egyptian business and Kenyan associate Safaricom to power a strong set of full-year numbers, even as service revenue growth in…
Setback for Microsoft’s Africa cloud ambitions
271 A Microsoft data centre site in East Africa has been delayed by disagreements with the Kenyan government over the company’s request for guaranteed payments, Bloomberg News reported on Sunday, citing people…
Reinvest spectrum cash in ICT sector, industry urges
254 South Africa’s telecommunications operators wants future spectrum auction proceeds reinvested in digital infrastructure, citing the heavy bill that operators continue to carry from 2022. The Association of Comms & Technology (ACT)…
South Africa cuts red tape for dealmakers
225 Trade, industry & competition minister Parks Tau has substantially raised the monetary thresholds at which mergers must be notified to the Competition Commission, in a move that a senior competition lawyer…