Telkom is facing pressure on its profit margins as share price falls by more than 3% on Tuesday morning after the company reported a revenue decline. In a trading statement, …
Southern Africa
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Demand in electric cars surges in South Africa as petrol price rockets
Potential car buyers in South Africa are increasingly interested in buying second-hand electric vehicles (EVs) according to Data from South African vehicle classifieds website AutoTrader . That is despite the …
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JSE maintains 99.7% of SA share trading despite new competition
JSE has maintained its market share, Despite competition from new entrants like A2X the company said in its half-year results on Tuesday. The JSE still represents 99.7% of equity market …
SARS, South African Revenue Service amidst the nationwide strike announced on Tuesday that it was able to open all 23 of its customs offices and reduce the number of closed …
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Digital Realty acquires South Africa’s Teraco
Digital Realty, a global real estate investment trust focused on cloud- and carrier-neutral data centres, colocation and interconnection solutions has completed acquisition of South Africa’s Teraco. In a similar field, …
Nedbank wants to almost double its lending to green energy projects in South Africa over the next two years as it seeks to cement its position as a market leader …
MultiChoice will launch a new movie channel called Movie Room on its DStv satellite service later this month. The channel will be packaged and operated by the Ngwato Nkosi Group, the same …
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Competition Appeal Court orders DStv to reinstate four dropped E-tv channels
The Competition Appeal Court has ruled that MultiChoice must reinstate four eMedia channels on the DStv platform after cutting them at the beginning of June. This comes after the Competition …
Vumatel holding company, Community Investment Ventures Holdings (CIVH) wants to increase its share in Herotel from 48% to 100% to help it reach “secondary” cities. Vutamel acquired a 45% stake …
Peter Moyo lost his last bid to claim R250 million damages from Old Mutual, potentially closing all doors for the former CEO to continue fighting the insurer. The Johannesburg High Court …