The Competition Commission has launched an investigation into online markets in South Africa, designed as a “proactive” measure to prevent monopolies from forming in the e-commerce space.
Author: Duncan McLeod
Vodacom spent more than R10-billion on its network in South Africa in the financial year to 31 March, outpacing rival MTN, as it ramped up investment to deal with soaring demand.
Investors pushed Telkom’s share price more than 5% higher on Tuesday morning after the telecoms operator said it would report a bounce in full-year headline earnings.
An independent expert appointed by Adapt IT has recommended that shareholders reject the unsolicited all-share offer by Huge Group, saying it undervalues the software services group.
Technology group Altron on Monday reported full-year headline earnings per share that fell 18% on revenue that was flat at R7.4-billion.
The Information Regulator is consulting lawyers about Facebook-owned WhatsApp’s new privacy policy and warned it is considering litigation.
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”.










