Blue Label Telecoms has informed shareholders that Cell C has withdrawn a bond placement which would have resulted in existing net borrowings being reduced to a maximum of R8 billion.
Media24 has appointed Cindy Hess as chief financial officer, who takes the position from today.
South Africa’s debt level is the highest it has ever been, which is fuelled by big government salary increases and higher prices because of BEE.
Sony has announced a 10% cut in its annual profit outlook due to the sale of its battery business.
A draft letter compiled by the office of the National Director of Public Prosecutions shows an intention to drop criminal charges against Finance Minister Pravin Gordhan.
Investment manager Jim Chanos predicted that MTN will face hard times, which company spokesperson Chris Maroleng rubbished – here’s what really happened to the operator.
MTN has acquired 100% of Smart Village from MultiChoice, and the transaction will become effective on 30 November 2016.
Groupon is exiting nearly half of the countries where it currently operates, with Groupon South Africa facing an uncertain future.
Twitter has announced a restructuring and reduction in headcount of approximately 9% of its global workforce.
Qualcomm has announced a $47-billion deal to acquire NXP Semiconductor.