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MTN’s accountant in court for fraud

MTN’s accountant in court for fraud

MTN’s accountant who is accused of defrauding the company of more than R23 million would have to wait until next week Thursday to find out if she will be granted bail.

Mobile - By News24Wire | 25 April, 2017
Competition Commission will not prosecute Cell C complaint against Vodacom and MTN

Competition Commission will not prosecute Cell C complaint against Vodacom and MTN

The Competition Commission has decided not to prosecute a complaint lodged by Cell C in October 2013 against Vodacom and MTN for anti-competitive conduct due to insufficient evidence required to successfully prosecute.

Mobile - By Staff Writer | 18 April, 2017
Major SA banks taken to court over Internet fraud

Major SA banks taken to court over Internet fraud

Unhappy banking clients have instituted legal action against the banking ombudsman and a number of South African banks due to the manner in which they handle Internet fraud cases

Banking, Mobile - By Staff Writer | 18 April, 2017
MTN employee accused of fraud and theft totaling R24 million

MTN employee accused of fraud and theft totaling R24 million

The Directorate for Priority Crime Investigation, known as The Hawks, has arrested an MTN accountant on allegations of embezzlement.

Mobile - By MyBroadband | 13 April, 2017
Huawei takes aim at South Africa’s premium smartphone market

Huawei takes aim at South Africa’s premium smartphone market

Chinese ICT giant, Huawei, has set its sights on becoming the second biggest high-end smartphone brand in South Africa over the next two years.

General, Mobile - By Staff Writer | 13 April, 2017
Virgin Mobile appoints new Middle East & Africa CEO

Virgin Mobile appoints new Middle East & Africa CEO

Virgin Mobile Middle East & Africa (VMMEA) has announced the appointment of Alan Gow as the Group CEO, to further bolster the existing management team.

Mobile - By Staff Writer | 12 April, 2017
Vodacom chairman appointed new CEO of Old Mutual Emerging Markets

Vodacom chairman appointed new CEO of Old Mutual Emerging Markets

Old Mutual has announced the appointment of Peter Moyo as CEO of Old Mutual Emerging Markets (OMEM).

Banking, Mobile - By Staff Writer | 3 April, 2017
MTN boss scores R72 million salary despite first-ever loss

MTN boss scores R72 million salary despite first-ever loss

MTN Group’s executive chairman Phuthuma Nhleko has been paid a massive salary for the 2016 financial year, despite the group posting a first ever annual loss in its 22-year history.

Mobile - By Staff Writer | 28 March, 2017
Cell C reports R540 million profit, reveals customer numbers

Cell C reports R540 million profit, reveals customer numbers

Mobile operator, Cell C, on Tuesday (14 March) released its financial results for the year ending December 2016, posting its first profit of R540 million.

Mobile - By Staff Writer | 14 March, 2017
MTN appoints new SA CEO

MTN appoints new SA CEO

The MTN Group has appointed Godfrey Motsa to the position of CEO of MTN SA with effect from 13 March 2017.

Mobile - By Staff Writer | 7 March, 2017
‘Cheap’ MTN a potential takeover target

‘Cheap’ MTN a potential takeover target

The Sunday Times reported that investment bankers are looking at MTN as a potential takeover target.

Mobile - By MyBroadband | 5 March, 2017
MTN reveals Smart Village acquisition price

MTN reveals Smart Village acquisition price

MTN acquired Smart Village for a cash consideration of R220 million and a deferred consideration of R12 million.

Mobile - By MyBroadband | 2 March, 2017
MTN shares advance 9% despite reporting first-ever annual loss

MTN shares advance 9% despite reporting first-ever annual loss

Africa’s biggest mobile-phone operator, MTN, saw its share price climb nearly 9% in morning trade on Thursday (2 March), despite reporting its first loss in more than 20-years.

Mobile - By Staff Writer | 2 March, 2017
MTN reboots after the most challenging year in its history

MTN reboots after the most challenging year in its history

Africa’s biggest mobile-phone operator, MTN, says it has launched a new transformation strategy – IGNITE – at its two biggest operations in South Africa and Nigeria, after ‘the most challenging year in the company’s 22-year history’.

Mobile - By Staff Writer | 2 March, 2017
Net1 offers R2 billion for 15% stake in Cell C

Net1 offers R2 billion for 15% stake in Cell C

Net1 today announced that it has agreed with Blue Label Telecoms to join as a party of the restructure agreement with Cell C and has offered to acquire a direct stake of 15% of the issued share capital of Cell C for a consideration of R2 billion.

Mobile - By Staff Writer | 1 March, 2017
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