Vodacom Group’s half-year headline earnings fell 9.5% due to start-up losses in Ethiopia and higher finance costs.
Author: Nqobile Dludla
Cinema group Ster-Kinekor has exited business rescue after nearly two years, its administrator said on Friday.
Vodacom moved a step closer to a considerable expansion of its fibre footprint after Icasa approved the transfer of Dark Fibre Africa’s licences.
Takealot Group is pushing further into townships and growing its new grocery partnership to defend its market share, its CEO said.
The strategy is to build Massmart into a force able to see off its brick and mortar rivals and then win a looming battle against Amazon.
Eskom will reduce planned power cuts this week after sufficient progress was made in replenishing emergency generation reserves.
MTN Group has raised R2.5-billion in three bonds as a way of lengthening its debt maturity profile, the mobile operator said on Friday.
Woolworths plans to ramp up its online, on-demand delivery service, its CEO said on Wednesday, as it steps up a turf war with Pick n Pay and Shoprite.
The mobile operator has received a $35-million binding offer for its Afghanistan business as part of plans to exit the Middle East.
Vodacom Group will retain full ownership of a new subsidiary that will take over its South African tower business, it said on Thursday.