The IT services company says the contracts are continuing to negatively impact on its financial performance.
CEO Godfrey Motsa says failure is not an option as the company relaunches Mobile Money, about four years after it failed.
The telco’s announcement came less than 24 hours after it was disclosed it had missed payments on its loans for December and January.
The mobile operator commits to a $1.6 billion investment in the country over the next three years to strengthen and expand its network.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
The software giant’s strong performance in the quarter was helped by the continued growth streak in its cloud business.
IT expense management is the latest feature being added to Nebula’s cloud-based technology expense management platform, OneView, powered by Microsoft Azure.
The mobile operator makes three appointments "in line with its continued commitment to good governance".
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
Too many odds, including government policy and pricing structure, weigh against Cell C, placing its future in jeopardy, analysts say.
Apple posts solid quarterly results, spurred by its iPhone 11 and iPhone 11 Pro smartphones, but most South Africans still can’t afford these devices.
Last year, 243 African tech start-ups raised a total of $2.02 billion in equity through 250 rounds, says Partech Africa.
The debt-laden telco misses December interest payment on a $184 million loan, as well as capital plus interest payments on loan facilities
The mobile operator launches an investigation into Isizathu Projects after an individual reported the company was stealing batteries from MTN.