Author: Duncan McLeod

South Africa’s Small Business Development Agency has fallen victim to ransomware attackers, who have crippled its systems, according to a source with knowledge of the situation.

JSE-listed Transaction Capital said on Wednesday that it is in talks to increase its stake in WeBuyCars to 74.9%, a move that will give it control over the South African online car marketplace.

Adapt IT CEO Sbu Shabalala said on Tuesday that the serious allegations levelled against him in a weekend newspaper report are “without merit”.

Adapt IT said on Monday that its long-serving CEO, Sbu Shabalala, will take a leave of absence for three months to “attend to personal matters”.

Shares in Adapt IT plunged more than 10% on Monday morning after claims were published at the weekend that CEO Sbu Shabalala hired armed thugs to beat up the partner of his estranged wife, Neo.

The Post Office is mounting a campaign to enforce its monopoly over the delivery of small items. If it gets its way, it will inflict long-lasting damage on South Africa’s fledgling e-commerce industry. By Duncan McLeod.

MTN’s South African subsidiary is flying. MTN Group reported on Wednesday that quarterly profit margins at the unit expanded significantly on the back of solid service revenue growth.

The City of Johannesburg has reassured residents that the end of an SAP support contract with EOH Holdings will not affect the city’s billing system or its other IT infrastructure.

Gyms group Virgin Active has fallen victim to a cyberattack. The company posted a notice on its website late on Friday warning clients that its systems have been compromised.

The high court has ruled that Ayo Technology Solutions’ bid to overturn First National Bank’s decision last month to close the JSE-listed technology group’s banking facilities will not be heard on an urgent basis.