R/€ = 16.61 Change: 0.00
R/$ = 14.80 Change: 0.01
Au 1339.88 $/oz Change: -15.04
Pt 793.86 $/oz Change: -20.23


Three things to learn from Jarana's exit as CEO of SAA 

By: Bloomberg     4th June 2019 South African Airways’ (SAA's) prospects of surviving in its current form took a hit over the weekend when news broke that CEO Vuyani Jarana quit over a lack of government support. The National Treasury isn’t committing to an agreement to put R21.7-billion toward the State-owned carrier’s 2021... 

Huawei Crisis: ‘Think Global, Act Local’ Takes On New Meaning

31st May 2019 America’s trade war with China means US firm Google has indefinitely suspended its business relationship with Chinese smartphone brand Huawei. This means Huawei will no longer be able to offer new customers access to Google’s Android operating system while current Huawei customers will not be... 

American Tower to buy Eaton Towers in $1.85bn Africa push

By: Bloomberg     31st May 2019 American Tower agreed to buy Eaton Towers for about $1.85-billion including debt as one of the few international providers of telecommunications infrastructure expands in the fast-growing African market. Both companies have sites in countries such as Ghana and Kenya, and the deal will enable... 

MTN eyes Ethiopia entry as country prepares to open market

By: Bloomberg     30th May 2019 MTN Group has identified Ethiopia as a rare new market into which Africa’s largest wireless carrier wants to expand. “There are a few large markets that are under-penetrated and where there is scope for a No. 1 or No. 2 operator, like Ethiopia,” CEO Rob Shuter said in an interview at Bloomberg’s... 

Skyriders Elios SkyEye drone powers up emergency tube-leak inspection

24th May 2019 When a major coal-fired power station in Limpopo experienced a tube leak in a boiler that subsequently resulted in a burst pipe, Skyriders Access Specialists (Pty) Ltd. was called upon to deploy its Elios SkyEye drone technology for an emergency inspection. This is the first time that the... 

LSE says, hello, Africa! Come list with us

By: Bloomberg     22nd May 2019 It’s not often that the LSE comes to Africa looking for listings. Traditionally companies based on the continent have to make a strong case to have their stock traded on one the world’s biggest bourses. But this week, officials are on roadshow in a bid to boost the LSE’s 115 African listings. The... 

Content and Applications Continue to Power Mobile in 2019

14th May 2019 As South Africa continues to suffer the fallout from unreliable electricity, aggressive politicking and ratings downgrades; the country’s mobile sector continues to deliver a much-needed monetary injection for Africa’s most advanced economy. South Africa’s impressive 90 million cellular... 

MTN raising $555m in Nigeria this year for expansion

By: Bloomberg     14th May 2019 MTN Group’s Nigerian unit plans to raise about 200-billion naira ($555-million) this year from a variety of sources including bank loans and bonds to expand operations in its biggest market. The funds will enable Africa’s largest wireless carrier to finance capital expenditure to increase the... 

Bharti is said to kick off IPO of $5bn Africa arm in May

By: Bloomberg     6th May 2019 Bharti Airtel, India’s second-biggest wireless carrier, is preparing to kick off the initial public offering of its Africa unit in a deal that could raise about $1-billion, people familiar with the matter said. Airtel Africa is planning to make a formal announcement about the London listing this... 

Local Mobile Firm Launches ‘Anti-Virus For Airtime’

6th May 2019 SA-based RND Labs has launched ‘Guardian’ to safeguard local mobile user’s hard-earned airtime from primarily overseas-based mobile fraudsters. Described by its developers as an ‘anti-virus app for airtime’; Guardian’s ability to scan, notify, detect and remove malicious apps that deliberately... 

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