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Zimbabwe on Friday suspended trade on the stock exchange and mobile phone-based payments to address what President Emmerson Mnangagwa’s government called “criminality and economic sabotage”. The decision to suspend mobile payments will hit the economy hard as more than 80% of all transactions are conducted on phones due to a shortage of banknotes, according to central...

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Vodacom Group has appointed an interim chief financial officer to replace Till Streichert, who is leaving the telecommunications firm at the end of the month. “The board of Vodacom is pleased to announce the appointment of Sitho Mdlalose, currently the executive director: finance of Vodacom South Africa, to the role of interim chief financial officer of...

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MainOne, a provider of wholesale and enterprise connectivity and data centre services, is celebrating 10 years of delivering innovative, world-class service in West Africa. The company, in 2010, launched its operations with the inauguration of the first private submarine cable on the West Coast of Africa. According to MainOne, the company had invested over $400...

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The Independent Communications Authority of SA (ICASA) plans to issue an invitation to apply (ITA) for International Mobile Telecommunications (IMT) spectrum, commonly known as high-demand spectrum, at the end of this financial quarter (end of June). ICASA revealed this timeline during its briefing to Parliament’s Portfolio Committee on Communications on the licensing of high-demand spectrum,...

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The Constitutional Court (ConCourt) delivered a blow to Telkom yesterday, dismissing the company’s bid to be allowed to install telecommunications stations – cellphone masts – at locations of its choice without prior approval from local authorities. Telkom approached the ConCourt seeking the interpretation of Section 22 of the Electronic Communications Act. It wanted the court...