{"id":851257,"date":"2026-02-18T07:57:56","date_gmt":"2026-02-18T05:57:56","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=851257"},"modified":"2026-04-02T09:33:17","modified_gmt":"2026-04-02T07:33:17","slug":"mtn-buys-international-company-for-r35-2-billion-and-warning-to-online-gamblers-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/851257\/mtn-buys-international-company-for-r35-2-billion-and-warning-to-online-gamblers-in-south-africa\/","title":{"rendered":"MTN buys international company for R35.2 billion, and warning to online gamblers in South Africa"},"content":{"rendered":"\n<p>The rand continued to decline on Tuesday as a stronger dollar overshadowed a modest improvement in domestic job data released earlier in the day by the national statistics agency.<\/p>\n\n\n\n<p>The rand was trading at 16.0850 against the dollar, down roughly 0.7% from Monday&#8217;s close and about 0.3% weaker than the levels seen in the morning. <\/p>\n\n\n\n<p>South Africa&#8217;s unemployment rate fell modestly to 31.4% in the fourth quarter, down from 31.9%, reaching its lowest point in over five years. <\/p>\n\n\n\n<p>This decrease was attributed to job additions in social services, construction, and finance; however, the rate remains among the highest worldwide. <\/p>\n\n\n\n<p>Economists had projected that unemployment would ease to 31.7% in Q4, while others expected the rate to remain close to 32%. <\/p>\n\n\n\n<p>&#8220;The lower unemployment rate mainly reflects a moderate rise in employment, but against a sharp decline in the labour force and an equally worrying jump in discouraged job-seekers,&#8221; said economists. <\/p>\n\n\n\n<p>&#8220;The labour market outlook remains uncertain, but there are signs that support cautious optimism.&#8221; <\/p>\n\n\n\n<p>On the Johannesburg Stock Exchange, the Top-40 index was last down 1%.<\/p>\n\n\n\n<p>As of Wednesday, 18 February, the rand is trading at R16.01 to the dollar, R21.70 to the pound, and R18.95 to the euro. Gold is currently valued at $4,937.79 per ounce, while oil prices have risen to $67.63 per barrel.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5 important things happening in South Africa today<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/national-gambling-board.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/national-gambling-board-1024x576.jpg\" alt=\"\" class=\"wp-image-841355\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/national-gambling-board-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/national-gambling-board-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/national-gambling-board-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/national-gambling-board.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p><strong>Warning to online gamblers: <\/strong>The Internet Service Providers\u2019 Association (ISPA) has issued a warning to South Africans about using online casinos and sports betting platforms that are not licensed in the country. The organisation states that these unlicensed platforms often set odds unfavourably for players, and that South African banks are legally required to confiscate any winnings from such sites. [<a href=\"https:\/\/mybroadband.co.za\/news\/internet\/629533-warning-to-people-who-gamble-online-in-south-africa.html\">MyBroadband<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>MTN acquires major international company:<\/strong> MTN Group has announced its agreement to acquire the approximately 75% stake in mobile infrastructure company IHS Holding Limited that it does not already own, for $2.2 billion in cash (around R35.2 billion). [<a href=\"http:\/\/MTN Group has announced its agreement to acquire the approximately 75% stake in mobile infrastructure company IHS Holding Limited that it does not already own, for $2.2 billion in cash (around R35.2 billion). This acquisition will unite Africa's largest wireless carrier with one of the continent's major tower operators.    IHS investors will receive $8.50 per share, as stated in the companies' announcements on Tuesday.\">Moneyweb<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Public Investment Corporation&#8217;s for select companies:<\/strong> The Public Investment Corporation&#8217;s (PIC) new early-stage mining investment fund, valued at R1.35 billion, has attracted significant interest, though it has strict entry requirements. [<a href=\"https:\/\/www.news24.com\/business\/economy\/pics-new-mining-fund-attracts-huge-interest-sets-high-bar-for-entry-20260217-1122\">News24<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Capitec overtakes FirstRand Bank:<\/strong> Capitec Bank is competing with FirstRand for the top banking valuation and has added nearly R60 billion to its market value in the past month. This surge has raised Capitec&#8217;s value to a record R542.4 billion. [<a href=\"https:\/\/www.businessday.co.za\/companies\/2026-02-18-capitec-bank-overtakes-firstrand-as-it-hits-record-valuation\/\">BusinessDay<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>New social grants for South Africa:<\/strong> The Department of Social Development has confirmed the extension of the Social Relief of Distress (SRD) grant, keeping the monthly payout at R370 until March 2027 until its new successor is finalised. This follows President Cyril Ramaphosa\u2019s announcement during his State of the Nation Address (SONA) that the grant would continue indefinitely. [<a href=\"https:\/\/businesstech.co.za\/news\/government\/851239\/new-social-grant-for-south-africa-is-coming\/\">BusinessTech<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are five important things happening in South Africa on Wednesday, 18 February 2026.<\/p>\n","protected":false},"author":127,"featured_media":820196,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[18993,853],"class_list":["post-851257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-5-important-things-happening-in-south-africa-today","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/851257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/127"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=851257"}],"version-history":[{"count":10,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/851257\/revisions"}],"predecessor-version":[{"id":855783,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/851257\/revisions\/855783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/820196"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=851257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=851257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=851257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}