Dimension Data has sold its iconic office complex in northern Johannesburg, known as The Campus, to a consortium of black women investors, and announced a major employee share scheme.
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MTN Group on Wednesday issued a statement to investors in which it criticised the Competition Commission’s final report on the data services market in South Africa, saying it will “vigorously defend against over-broad and intrusive recommendations” by the commission.
The Uber rival said on Wednesday that it has doubled its South African footprint in the past year, launching ride-hailing services in 34 secondary towns and cities in all nine provinces, and will now launch food delivery services.
The US has been warning other countries not to buy telecommunications gear from China’s Huawei and ZTE. The government will soon put real money behind the effort.
After a massive selloff on Monday, shares of South Africa’s biggest listed telecommunications companies continued to trade lower into Tuesday.
The Twitter CEO said in a post last week that he’ll spend three to six months somewhere on the continent next year. But investors have appeared less convinced of the executive’s intentions over the following days.
South Africa’s economy contracted for a second quarter this year in the three months to September as farming, mining and factory output slumped. The rand extended its decline against the dollar.
Facebook is releasing a tool that allows users to transfer their photos directly to Google’s storage service in a bid to give people “control and choice”.
Vodacom and MTN must drop mobile data prices significantly, failing which the Competition Commission will consider prosecuting the two companies.
The Competition Commission on Monday unveiled surprisingly broad-ranging, tough and radical interventions in the data services market, including a proposal that mobile operators be forced to give South Africans a free allocation of daily data.