The company reverses its profitable position in the first half of the year.
The mobile operator has registered 81% of its prepaid base and 71% of its postpaid base for RICA.
The silo mentality within government is part of what led to the cost increase from R2.1 billion to R4.5 billion.
The mobile operator increases its shareholder payout ratio to 55%.
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.
While MTN's interconnect revenue decreased by 13%, the operator reported a 4% increase in its net interconnect margin.
The operator saw a 49% leap in data revenue across the group's operations, with SA contributing 58% to that total.
The company writes off a year-and-a-half's net profit as it doesn't make sense to sue its biggest client.
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
The company sells 25% in three units for an undisclosed amount.
The deadlines for the implementation and live testing of e-tolling may be extended.
The mobile operator has increased its South African market share to 36%.
Top business technology headlines 20 - 26 February 2022
A summary of the top business technology stories shared by ITWeb between 20 - 26 February 2022. Visit www.itweb.co.za for more news. #ITWebCloudDatacentresummit2022 #newsvideo #Fraudcases
The settlement contributes to a net loss, reversing last year's profitable position.
The company was top in IDC's Worldwide Quarterly Disk Storage Systems Tracker, for the 14th year running.
The UK office doubles its headcount to meet growing demand and takes on major corporate clients to reach 1.8 million users globally.