Standard Bank and its lawyers have come under fire from a Durban High Court judge for taking shortcuts in an application against a defaulting home owner. The bank sought default …
South Africa
- AfricaBanking, Finance & InvestmentBusinessSouthern Africa
Google has landed its Equiano undersea cable at Telkom’s facility in Melkbosstrand, WIOCC has announced. WIOCC owns one of Equiano’s 12 terabit-per-second (Tbps) fiber pairs and was Google’s landing partner …
- AfricaInformation TechnologyNewsSouth AfricaSouthern AfricaTechnologyTelecommunications
Openserve Splits From Telkom South Africa
Openserve, a South African wholesale network infrastructure provider officially split from its parent Telkom Group on Wednesday, according to an announcement from Telkom. As part of its Q1 SENS announcement, …
Digital banking service Tymebank has announced plans to acquire Retail Capital, a leading fintech funder of South African small and medium enterprises. According to a statement by African Rainbow Capital …
Massmart, the embattled owner of Game and Makro, expects its headline loss to increase by at least 51% for the 26 weeks to end-June, to a possible loss of R974 …
- BusinessSouthern AfricaTechnologyTelecommunications
Telkom under pressure as share prices falls by 3%
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, …
- BusinessEnergySouthern AfricaTechnologyTransportation & Logisitics
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 …
- BusinessBusiness and EconomySouthern Africa
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 …
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 …