Bam Telecoms clarifies the information it originally supplied to ITWeb on its manufacturing facility in KwaZulu-Natal.
Mastercard to acquire minority stake in MTN’s fintech business
In this week's tech news roundup, MasterCard will acquire a minority stake in MTN Group's fintech division, based on a cash and debt-free enterprise valuation of approximately R99 billion. This is according to MTN Group CEO Ralph Mupita, speaking at an investor conference call this week , following the release of the firm’s interim financial results for the six-month period that ended in June. Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb in just a few minutes of your time. #NewsVideo #cellc #mastercard News links: https://www.itweb.co.za/content/Gb3BwMWaLkXv2k6V https://www.itweb.co.za/content/o1Jr5MxP66AMKdWL https://www.itweb.co.za/content/WnpNgq21YXyMVrGd https://www.itweb.co.za/content/mQwkoM6YppJ73r9A https://www.itweb.co.za/content/j5alrMQAyE6MpYQk
SA’s latest smartphone manufacturer plans to create thousands of jobs through its factories and value chain, while also producing a pipeline of technicians to repair mobile phones.
ITWeb TV: Bam Telecoms plans to create thousands of jobs in South Africa
Established in 2020, by CEO Manelisi Bam, MTN’s former manager of branded retail channel and enterprise SME, the firm bills itself as the first 100% black-owned original equipment manufacturer in SA. In a wide ranging interview with ITWeb, Manelisi Bam shares his vision about job creation, bridging SA’s digital divide and manufacturing proudly South African phones from the factory formally owned by Mara Phones SA.
The black-owned telco, established by a former MTN exec, opens two factories to manufacture its home-grown, 4G-enabled smart and feature phones.