Author: Nqobile Dludla

Naspers has reported a jump in half-year profit, boosted by its e-commerce businesses and China’s Tencent.

Telkom on Tuesday reported a 46.7% jump in half-year profit, boosted by lower depreciation charges.

Vodacom Group reported a 4.2% decline in half-year earnings, impacted by start-up losses in Ethiopia and higher interest rates.

Mobile operators including Vodacom, MTN and Telkom, are scrambling to ensure their networks stay up and running.

Rain, which provides wireless, data-only services, plans soon to launch a mobile service, one of its shareholders said.

President Cyril Ramaphosa will announce changes to the national executive at 7pm on Monday.

Telkom could start the sale of a minority stake in its core fibre business by March as part of a slew of measures it announced to unlock value.

Consumers will face much higher prices unless the government urgently finds solutions to the power cuts that are crippling the economy, an industry group has warned.

President Cyril Ramaphosa will no longer attend the World Economic Forum in Davos due to the ongoing energy crisis.

Telkom is to rein in spending to cope with rising costs after reporting a 17.9% fall in half-year core profit.