News

MultiChoice, the South African media giant, has recently announced the relaunch of its pan-African streaming service, Showmax.  The relaunch has been met with positive developments, including a significant increase in subscriber numbers.  However, this subscriber growth has come at a…

Telkom Icasa call rate cuts! South Africa’s telecommunications giant, Telkom, has issued a strong warning to the Independent Communications Authority of South Africa (Icasa) regarding its recent decision to significantly slash call termination rates.  Telkom argues that these aggressive cuts,…

Apple $1-trillion Global Brand: Apple, a technology giant, has attained a milestone, becoming the first brand to surpass $1 trillion in brand value. Apple’s brand value went up by 15% from the previous year. This development solidified its position as…

Solar Installations Slowdown: South African solar installers have noticed a decline in demand for inverters, batteries, and solar panels in recent months. Possible causes for the drop-off in demand include lower-than-expected load-shedding, high interest rates, rand depreciation, and general affordability…

TymeBank New York Listing: TymeBank, a South African digital bank backed by China’s Tencent Holdings Ltd., is raising $150m as it sets its sights on an initial public offering (IPO). Also, TymeBank is one of Africa’s fastest-growing digital banks and…

Telkom Full-Year Earnings Surge: Telkom, a popular telecommunications group, has predicted a rise in its revenue in the forthcoming annual results for the year ended 31 March (FY2024). Telkom climbed 5.7% to close at R24.99 per share yesterday on news…

Cell C has declared plans to sell 44 of its 47 company-owned stores, in line with its strategy to leverage partnerships to promote revenue and drive growth.  The company plans to retain three flagship stores. They are Mall of Africa…

Standard Bank, one of the Big Four banks, has announced its new mobile virtual network operator (MVNO) collaboration with MTN SA. Also, as part of its strategic telecoms path, the bank says Standard Bank Mobile will now be called Standard…

A recently filed lawsuit between chip designer ARM Holdings and tech giant Qualcomm has cast a shadow over the upcoming release of millions of next-generation Copilot+ PCs.  The lawsuit hinges on a licensing agreement that both companies signed years ago,…

In a significant development that has sent shockwaves through the e-commerce industry, the South African Revenue Service (SARS) has issued a major setback to global e-commerce giant, Shein.  The move, which has far-reaching implications for the company’s operations in the…