Cinven, Permira and Mid Europa Partners agreed to buy Naspers’s Polish online auction site Allegro for almost US$3,3bn (R46,4bn), taking on rivals such as eBay in the Eastern European country
Author: Agency Staff
The financial burden of Samsung Electronics’ Galaxy Note7 crisis is becoming clearer, as Korea’s largest company tallies the cost of recalling and terminating production of the fire-prone smartphone. The Suwon-based
Finance minister Pravin Gordhan described fraud charges against him as frivolous and unfounded and said he has no intention of relinquishing his post unless President Jacob Zuma fires him. His lawyers will
Government has no intention of running a mobile network in the country, says telecommunications minister Siyabonga Cwele. Last month, cabinet approved South Africa’s new national ICT policy which seeks
The release of a report by South Africa’s graft ombudsman into the alleged influence of President Jacob Zuma’s friends, the Gupta family, in government affairs has become bogged down in the courts, with legal actions lodged to
Seventeen years ago, an Indian man from New Delhi mesmerised the technology departments of global corporations with a doomsday story many times more puffed up than the luxuriant crop of hair he sported. The latter was a wig, and the former
President Jacob Zuma has applied for an interdict on the publication of a report by the nation’s graft ombudsman on the alleged influence of the Gupta family in government affairs, public protector Thuli Madonsela said. “He has applied
The South African Social Security Agency’s irregular expenditure over the last financial year skyrocketed by over a thousand percent, from R93m in 2014/2015 to over R1bn in 2015/2016. The bulk of the R1,1bn
The showdown between President Jacob Zuma and finance minister Pravin Gordhan over control of the nation’s finances appears to be reaching its endgame, after prosecutors summoned the minister to appear in court next month
The Democratic Alliance has filed papers in the Western Cape high court to have former SABC chief operating officer Hlaudi Motsoeneng’s appointment as group executive of corporate affairs declared invalid. In its application, the