MTN Group on Friday entered into discussions to acquire Telkom. The news sent Telkom’s share price rocketing higher. MTN has long been interested in Telkom, with market talk about discussions …
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Property Regulator Authority reports suspended CEO to authorities over pension fund fraud
The board of the Property Practitioners Regulatory Authority (PPRA) has reported its suspended CEO Mamodupi Mohlala to law enforcement authorities over alleged maladministration, fraud and misappropriation of pension funds. This follows …
- BusinessSouthern Africa
Steinhoff’s Pepco Group witnesses 17% increase in revenue for the third quarter
Pepco Group says its revenue grew by 17% in the third quarter ending on 30 June 30. The London based discount retailer is a subsidiary of Steinhoff International and owns …
- BusinessSouthern AfricaTransportation & Logisitics
South Africa’s Air services Council cancels licenses and related route rights allocated to SA express
South Africa’s International Air Services Council has cancelled all licenses and related route rights currently allocated to regional state-owned airline SA Express (SAX) with immediate effect. The regional state-owned airline’s …
- BusinessSouthern AfricaSpotlightTechnology
South Africa asks Google to enforce stricter rules for online sellers as inquiry investigates
South Africa wants Google to change how it displays its search results and it is also proposing stricter rules for online sellers. This initiated by South Africa’s Competition Commission’s inquiry …
Sassa, South Africa Social Security Agency says that the high number of rejections for the R350 social distress of relief (SDR) grant is because it has “refined qualifying criteria” to …
- AfricaBanking, Finance & InvestmentBusinessSouth AfricaSouthern AfricaTechnology
South Africa testing ‘digital rand’
The South African Reserve Bank (SARB) is making steady progress in its investigations around a central bank digital currency, says deputy governor Kuben Naidoo. Speaking in PSG’s latest Think Big …
CEO Tiger Brand Noel Doyle explains the situation. Agri SA’s Christo van der Rheede believes the factory has a lot of potential. FIFI PETERS: This is a good news story for …
- BusinessSouth AfricaTechnologyTelecommunications
FNB retail customers increases their spend on entertainment streaming services by about 70%.
An assessment of consumer behavior from before the Covid-19 period up to June 2022 reveals that FNB retail customers have increased their spend on entertainment streaming services by about 70%. …
- BusinessSouth Africa
South Africa’s Competition Commission recommends approval of Mr. Price’s deal to purchase Studio 88
South Africa’s Competition Commission has recommended that the Competition Tribunal approve Mr. Price’s deal to acquire Studio 88 without conditions. In April, retailer Mr. Price announced that it has entered into …