TIISETSO MOTSOENENG: Telcos path to super app status won’t be smooth
MTN, Telkom and Vodacom have rolled the dice on the all-in-one app with a dizzying array of services, but it will be a difficult journey for them
When it became clear in early 2020 that the Covid-19 pandemic was poised to wreak havoc on the economy, most companies scrambled to build their cash buffers to navigate the storm.
Except for mining companies, which have been riding on the back of a supersonic rally in commodity prices, companies from property funds to retailers withdrew cash from credit lines, halted dividend payments and stopped buying back shares. ..