Cool as a “cu-kumba” – SA stocks hit record peak, led higher by Kumba
South African stocks hit a record peak for the second consecutive session on Thursday, led higher by Kumba Iron Ore.
MTN
MTN office in Nigeria attacked, presumably due to SA xenophobic attacks
MTN’s regional office in Abuja reportedly shut down its operations on Wednesday following attacks by irate youths.
African Internet: Tech giants vie for market leadership
“It’s like a drug pusher giving you a small amount and saying: ‘If you want more, you have to come and buy it’,” Africa Internet access specialist Mike Jensen said.
Anchor Capital: Essential market review, 12 March
Anchor Capital provides a comprehensive market review covering everything you need to know about local and global markets.
MTN boost – Cameroon licence renewed for 15 years
Cameroon has renewed the operating licence of Africa’s largest telecoms provider MTN and allowed the firm to start offering third and fourth generation (3G and 4G) services.
MTN would consider stake in Telkom as revenue shrinks in home market
Although MTN isn’t currently pursuing a deal, the company, presently exploring potential acquisitions, would consider a stake in Telkom.
David Shapiro’s expert views on Sasol, Naspers and Blue Label
David Shapiro joined Alec Hogg and Gugulethu Cele to talk all things markets. Focusing the spotlight on Sasol’s share price plummet.
MTN to explore acquisition of Telkom to challenge Vodacom
MTN Group Ltd. is exploring whether to pursue an acquisition of a majority stake in landline provider Telkom SA SOC Ltd. to challenge Vodacom Group Ltd.’s dominance in South Africa’s telecommunications market.
Vodacom Q3 revenue down after SA lowers connection tariff
Lower call connection tariffs and stiff competition reduced Vodacom’s third-quarter revenue by 1.1 percent from a year ago.
MTN plans to lay off up to 578 workers
Africa’s biggest telecommunications provider MTN plans to issue dismissal notices by May 1 to up to 578 people at its South African enterprise business unit, the Solidarity union said on Wednesday.