Excellent news for South Africa’s IT and telecoms industry

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MTN,Mybroadband,Vodacom

South African IT and telecommunications companies continue to invest heavily in growth, including new product development and increasing marketing budgets.

South African IT and telecommunications companies continue to aggressively market and grow their companies, which bodes well for the industry and the local economy.

MyBroadband Q1 2024 numbers confirmed the ongoing optimism in South Africa’s IT and telecommunications market. This illustrates the enthusiasm in the South African ICT market, shrugging off concerns about the outcome of the 2024 general elections. In February, Mastercard announced it was investing R3.8 billion into MTN’s fintech business. It valued MTN Fintech at nearly R100 billion.

“With the launch of Zando Global, we’re thrilled to provide South Africans with a solution that addresses their concerns about ordering internationally,” said Zando CEO Morgane Imbert.

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