Category archives for: Finance

MTN spends R40 billion on network upgrades

MTN South Africa Chief Technology and Information Officer, Giovanni Chiarelli

by SAVIOUS KWINIKA JOHANNESBURG, (CAJ News) – MTN has invested over R40 billion ($2,8 billion) in the past four years to build South Africa’s best network, the company disclosed as it announced it was developing a software-defined Wide-Area Network (SD WAN) and re-purposing thousands of sites across the country. The move is aimed at harnessing […]

Zimbabwe sugar farmers dump electricity for solar power

Sugar cane farmers in Chiredzi, Lowveld, Zimbabwe turn to solar energy

from PATRICK CHITONGO in Chiredzi, Zimbabwe CHIREDZI, (CAJ News) – SOME sugarcane farmers in southeastern Zimbabwe are shifting to solar energy to fend off serious shortages of electricity in the country. The power deficit afflicting the Zimbabwe Electricity Supply Authority (ZESA) Holdings is affecting the operations of companies in the country already performing below capacity. […]

Technology is disrupting the gambling industry

Gambling, file photo

by AKANI CHAUKE JOHANNESBURG, (CAJ News) – AS gambling gets more diverse and adopts new technologies, regulators and stakeholders have initiated dialogue to ensure an effectively regulated and economically sustainable industry in South Africa. This has been the prevailing theme at the just-concluded National Gambling Board’s (NGB) conference held in Pretoria under the theme, “The […]

SA banks war brings competition but could erode value

TymeBank

by AKANI CHAUKE JOHANNESBURG, (CAJ News) – SOUTH African banks must prioritise value over price in the wake of the so-called pricing war currently waging between the country’s financial institutions. This is according to an industry executive as the ‘war’ elicits debate in the sector. Vanesha Palani, Nedbank Executive: Transactional Products, noted challenging economic conditions, […]

Rwanda trade fair goes cashless with MTN m-Ticket

Executives at the launch of MTN m-Ticket in Kigali

from PHYLLIS BIRORI in Kigali, Rwanda KIGALI, (CAJ News) –THE upcoming Rwanda International Trade Fair and Expo is to be fully Cashless with the official launch of a digital user-friendly ticketing solution. The launch of the MTN m-Ticket is a partnership of the mobile network operator and the Private Sector Federation (PSF) a professional organisation […]

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