FNB first bank to support local peering
First National Bank (FNB) has leveraged its telecommunications licenses, skills and internal ISP, FNB Connect, to become the first bank in the country to support peering by joining the NAPAfrica platform. “This is a substantial first for the South African banking...Weak rand not good for manufacturers
As the rand continues its weakening trend against the US dollar, economists have predicted greater potential for local manufacturers to compete positively with imports. “While the weak rand may present certain advantages for exporters, the reality is that local...Telkom confirms R12bn network impairment
Following a review by the board, Telkom has decided to impair the carrying value of its assets by R12-billion. After the impairment, the net asset value (NAV) per share will be around R34. “We are committed to transforming Telkom’s financial performance,”...SA teens urged not to drink
As South Africa commemorates Youth Month, the You Decide programme has urged the country’s teenagers to abstain from consuming alcohol, reminding them of the negative consequences to themselves and their future prospects. You Decide is a programme designed to curb...