Author: Duncan McLeod

Vodacom has agreed to cut headline data prices and will expand its zero-rating of certain websites in an agreement with the Competition Commission.

Vodacom and the Competition Commission have reached a settlement agreement over data prices. The commission is holding a press conference in Pretoria to provide details of the deal.

MTN Group shares fell more than 12% on Monday morning in Johannesburg, to their lowest levels in nearly 14 years, as investors digested the news of a shock fall in oil prices overnight.

Vodacom and the Competition Commission have reached a settlement agreement over data prices following the regulator’s publication in December of surprisingly broad-ranging, tough and radical interventions in the data services market.

The banking group spent R7.5-billion on IT licences, maintenance and related costs in the 2019 financial year, up 17%, due to the weaker rand and costs associated with its move to the cloud.

The novel coronavirus has hit South African shores. The ministry of health said in a statement on Thursday that a suspected case of Covid-19, as the virus is called, has tested positive.

Data centre operator Teraco’s Internet exchange point NAPAfrica has topped 1Tbit/s, or a million megabits per second, of peak traffic for the first time.

Standard Bank will soon begin moving its operational SAP banking systems onto the Microsoft Azure cloud platform as it looks to create what it calls an “always-on bank”.

JSE-listed software services group Adapt IT said on Wednesday that it is not contemplating a rights issue “at this stage” as it moves to reduce its net debt to a more comfortable level.

Netflix has signed a distribution agreement with the Film and Publication Board, meaning the multinational streaming company must now obey local classification rules in the distribution of its content.