MTN Increases Stake in Mobile Micro-Insurance Firm aYo

MTN, Africa’s largest mobile phone group, has increased its shareholding in mobile-micro-insurance firm aYo through acquisition of additional shares. In 2017, South Africa’s third-biggest insurer Momentum...
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Cell C Workers to Hand Memorandum to Minister Ndabeni-Abrahams

The Information Communications and Technology Union (ICTU), which is representing Cell C workers says on Monday it will hand a memorandum detailing disputes it has with...

Investec Says Union Must Seek Answers For Phantom Shares from Cell C

Investec has told the Information Communication Technology Union (ICTU) to direct its questions about the Believe Phantom Option Share Scheme for Cell C workers to the...

Union Asks If Blue Label Telecoms Is Using Cell C as a ‘Piggy Bank’

The Information Communication Technology Union (ICTU) wants Blue Label Telecoms to explain how the JSE-listed company can zero rate its stake in Cell C...

Chinese Investors Call Shots at Troubled Cell C, Insiders Claim

Two insiders on Wednesday told TechFinancials that Chinese investors are calling the shots at embattled mobile phone operator Cell C, which is in the...

Cell C is in Such Bad Shape It’s Defaulting on Loans

Embattled mobile phone operator Cell C is facing significant liquidity constraints, a notice of retrenchment shows. Cell C is in the process of retrenching its...

Cell C is Still In Trouble, Reports a R4-bn Operating Loss

Struggling mobile phone operator Cell C, which destroyed shareholder value for JSE-listed firm Blue Label Telecoms, on Monday reported a R4 billion operating loss...

Battered Cell C Rejects Telkom’s Takeover Offer Again

Troubled Cell C has once again pushed back against efforts by Telkom to buy it, as its board sent a letter bluntly telling the...

Cell C Finalise a New Roaming Plan With MTN SA

MTN South Africa announced on Monday morning that it has signed a new long-form roaming and services agreement with Cell C, subject to certain...

Telkom Confirms Talks to Buy Battered Cell C

Telkom has confirmed it is in talks to buy struggling mobile phone operator Cell C. Cell C is 45% owned by JSE-listed Blue Label Telecoms,...

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Absa Finance Director Jason Quinn Named CFO of the Year 2020

Jason Quinn, the group finance director at Absa, has been named South Africa’s CFO of the Year at the 2020 CFO Awards. This was announced...

Avon Pledge Funds To Fight Gender-Based Violence

As South Africa joins the global community in commemorating 16 Days of Activism for No Violence Against Women and Children, Avon Justine has amplified...

Africa’s Accelerating FinTech Revolution

By Greg Nott and Tristan Marot Africa is a unique continent. From its diverse cultures and languages, to its extremes in wealth and development -...