Business

Business Articles

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Cell C fibre strands

Cell C bond placement withdrawn

Blue Label Telecoms has informed shareholders that Cell C has withdrawn a bond placement which would have resulted in existing net borrowings being reduced to a maximum of R8 billion.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 logo on wall

Media24 appoints new CFO

Media24 has appointed Cindy Hess as chief financial officer, who takes the position from today.

Failed South Africa Flag broken

The one graph which should scare all South Africans

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 Xperia

Sony slashes profit outlook

Sony has announced a 10% cut in its annual profit outlook due to the sale of its battery business.

zuma gordhan

Plan to drop charges against Gordhan

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.

MTN logo on building

MTN Prediction: Chanos vs Maroleng

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.

Smart Village logo

Smart Village to become MTN subsidiary next month

MTN has acquired 100% of Smart Village from MultiChoice, and the transaction will become effective on 30 November 2016.

Groupon

Groupon South Africa faces uncertain future

Groupon is exiting nearly half of the countries where it currently operates, with Groupon South Africa facing an uncertain future.

Twitter-logo-new

Twitter to fire staff

Twitter has announced a restructuring and reduction in headcount of approximately 9% of its global workforce.

qualcomm

Qualcomm announces $47-billion chip acquisition deal

Qualcomm has announced a $47-billion deal to acquire NXP Semiconductor.

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