Author: Duncan McLeod

Investment holding company Huge Group plans to make a “significant” investment in Interfile Group, a specialist software company.

Walmart looks set to buy out minority shareholders in Makro parent, JSE-listed Massmart, as the US retail giant doubles down on its South African operations.

Massmart reported a 50% year-on-year jump in e-commerce sales for the period to 26 June, even as its income statement was once again stained in red ink.

E.tv parent eMedia Investments on Friday launched a blistering attack on Icasa and Sentech, over the state-owned broadcasting signal distributor’s monopoly.

JSE-listed Blue Label Telecoms on Thursday reported robust full-year results, with a big expansion in gross profit margin.

Telkom’s largest shareholder, government, voted against the appointment of a large number of directors to the company’s board at its AGM on Wednesday.

Google Wallet, with its integrated Google Pay service, has been officially launched in South Africa and five other markets around the world.

In separate but identical regulatory filings on Monday, MTN Group and Telkom said they remained locked in discussions about a potential combination.

Standard Bank Group’s total IT spending, including staff costs, topped R10-billion in the first six months of 2022.

The Naspers-controlled Internet investment firm has agreed to pay as much as €1.8-billion to acquire a further 33.3% stake in Brazil’s iFood.