Top Stories
Tech Startup Opens New Headquarters in Cape Town, Looks to Hire Locally
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HUAWEI MateBook D15 Launches in South Africa: Check Out the Specs
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Snapchat is Working on a Paid Version of the App
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Google to Fund Online Shops in Kenya
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Uber to Introduce New Features for Drivers in Kenya
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Uber Partners with South African Police to Help Address Safety Concerns
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Adobe to Release a Free-to-Use Version of Photoshop on the Web
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Africa Data Centres Set to Build Second Cape Town Facility
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It’s Official, Microsoft Has Shut Internet Explorer Down
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Cellulant & Jambojet to Give Away Over 600 Discount Flight Vouchers
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Telkom Reports a Decline in its Revenue
Image sourced from News24 On Tuesday, Telkom SA published annual financial results for the year ended 31 March 2022 and it reported that its revenue dropped 1.1% to R42.8 billion ($2.7-billion). According to Tech Central, the telecommunications group is blaming tough competition and the weak economy for this poor performance. Telkom says despite this decline it has managed to deliver a stable EBITDA of R11.9 billion ($742.9-million) expanding the margin by 0.2ppts to 27.9%. “This was achieved through various initiatives that introduced efficiency to operations while improving the customer experience,” Telkom Group CEO, Serame Taukobong, said. Openserve increased fixed data revenue by 5.5% largely driven by the growth in carrier links. Over the period, an increase of 16.6% in fixed data con...
African Fintech Funding Forecast to Double in Just 3 Years
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