South Africa

Snapchat+ Snapchat’s Premium subscription which was launched in June 2022 revealed that it has reached one million subscribers in less than two months later. The subscription costs is $3.99 (R65.58) …

French media company Canal+ continues to increase its stake in MultiChoice by buying shares on the open market, raising speculation that a deal may be coming. Canal+ is the pay-TV …

Despite investing heavily in growing its mobile subscriber base, Telkom has been losing market share against Vodacom and MTN over the last five years. In the nineties and early 2000s, …

Thungela Resources has declared an interim dividend of R8.2 billion, or R60 per share, following a record half year in which profit rocketed on the back of strong export coal …

South African gamers seem to prefer Sony’s PlayStation over Microsoft’s Xbox, though the games consoles’ distributors have declined to reveal their exact market share. Statcounter’s console operating system market share …

Barloworld, the South African car dealer and supplier of equipment to the mining industry, is marketing the nation’s first sale of debt linked to gender-diversity targets. The Johannesburg-based company is …

SARB, The South African Reserve Bank has imposed R35 million in fines on Nedbank for failures that included not reporting cash transactions of large amounts and shortcomings in record-keeping. The …

Rain has been instructed by the South Africa’s Takeover Regulation Panel has to withdraw a press statement regarding a proposed merger with Telkom. Rain announced on Thursday afternoon that it …

Denel, Troubled state-owned arms manufacturer on Thursday announced a major achievement, paying all outstanding salaries with the proceeds of the surplus medical benefit trust and putting in place payment plans …

Rain has formally requested to present the Telkom board with a proposal to merge the two companies. “Although the terms of such a transaction such as valuation and structure would …