South Africa’s economy grew marginally, by 0,7%, in the third quarter of 2015, Statistics South Africa announced on Tuesday. The GDP announcement comes after a second quarter contraction
Author: Agency Staff
The Competition Tribunal has agreed to postpone a hearing regarding a R7bn merger between Vodacom and Neotel indefinitely. This comes after Vodacom released a market update earlier on Monday saying the company is exploring a “revised transaction structure” regarding the Neotel deal
Eskom and French funding agency Agence Française de Developpement (AFD) on Monday morning signed a R2,3bn credit facility agreement to finance Eskom’s distribution projects in the Eastern Cape, KwaZulu-Natal and Limpopo. Eskom said the loan
The Competition Tribunal at the weekend agreed to postpone a hearing into the proposed R7bn acquisition of Neotel by Vodacom. This comes after Vodacom and Neotel brought an application for a postponement of the hearing that was scheduled to start on Monday
The SABC’s suspended CEO, Frans Matlala, has warned that he is ready to take the public broadcaster to court if his suspension is not lifted by Tuesday. Barely four months after
Turnaround plans at the South African Post Office do not include any talk of privatisation, says the state-owned company’s new CEO. Cabinet on Thursday approved the appointment of Mark Barnes as group CEO
Possibilities exist for the beleaguered South African Post Office to be profitable again, said the state-owned company’s new CEO. On Thursday, cabinet approved the appointment of Mark Barnes as group CEO of the
In the second interest rate hike for the year, the South African Reserve Bank’s monetary policy committee hiked the repo rate to 6,25%, governor Lesetja Kganyago announced on Thursday
Africa’s biggest mobile network MTN has been slapped with a Ugandan court order to pay $662 000 (R9,3m) in damages for alleged anticompetitive behaviour. It is understood that MTN supplied a mobile money transfer
What would frustrate South Africans enough to switch banks? Surprisingly it is not benefits, or rewards, or a cheaper alternative that would make them move, but impolite, rude or uninterested staff. This is a wake-up call for local banks, but South Africans are not alone in their number