Less than two months after Naspers and Prosus announced that they were offloading some of their stakes in Chinese tech giant Tencent to buy back their own shares, Naspers said on Wednesday …
BusinessInformation & TechnologySouthern AfricaTechnology
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South Africa
- Banking, Finance & InvestmentCryptocurrencySouthern Africa
South Africa’s central bank announces new development on cryptocurrency exchange, issues guidance
The South African Reserve Bank’s Prudential Authority has issued a guidance note to banks discouraging them from cutting off companies that offer cryptocurrency services. In a note signed by Prudential …
Exxaro Resources has declared an interim dividend of R15.93 per share as earnings grew 75% for the six months to end June. The company, a major supplier of coal to …
- BusinessSouthern Africa
South Africa’s Financial watchdog says ANC must pay R10m a month to clear staff retirement fund arrears
South Africa’s financial watchdog says it has reached an agreement with a pension fund for ANC employees to get the party to pay it R10 million a month until its …
- BusinessMobile Telecommunications Network (MTN)Press OfficeTelecommunications
MTN appoints Icasa CEO Willington Ngwepe as new chief of staff
MTN has appointed outgoing Independent Communications Authority of South Africa (Icasa) CEO Willington Ngwepe, as it chief of staff, it was announced on Tuesday. Ngwepe, whose term at Icasa comes …
- BusinessSouthern AfricaTelecommunications
Snapchat+ to add four new features, hits 1 million subscribers in less than two months
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) …
- EconomyEnergySouthern Africa
Big strike in South Africa Petrol as prices and load-shedding witnesses increase
The biggest labor union federation in South Africa will stage a national strike on 24 August to protest against the rising cost of fuel and food and continuing power cuts. …
- BusinessMobile Telecommunications Network (MTN)Southern AfricaTelecommunications
Rain withdraws Telkom merger statement, says to submit a formal proposal
Rain Data-only network provider withdrew its media announcement of a plan to merge with Telkom after the move was condemned by the Takeover Regulation Panel (TRP) as unlawful. On Thursday …
Pick n Pay has officially announced its “middle market” retail chain, as its store rollout gains momentum. Pick n Pay QualiSave, which was provisionally named Pick n Pay Red when …
- BusinessSouthern AfricaTechnology
French pay-TV giant raises speculations of a new deal with Multichoice
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 …