Prosus expects adjusted profit at its e-commerce business to exceed its guidance and reach $435-million this fiscal year.
Author: Nqobile Dludla
René van Wyk will succeed Sello Moloko as chairman of the Absa board, subject to regulatory approval.
A senior MP has accused the communications minister of seeking to erode the country’s laws on local ownership.
MTN Group and Airtel Africa have struck a deal to share mobile network infrastructure in Uganda and Nigeria.
MTN Group CEO Ralph Mupita has said the worst should be over for the company as its Nigeria unit recovers.
Government will remove the luxury excise duty on basic smartphones from 1 April, ahead of the shutdown of 2G and 3G networks.
South Africa will spend R1-billion to support the local production of new energy vehicles and batteries.
Clicks-owned United Pharmaceutical Distributors has launched 42 electric delivery vans with solar-powered refrigeration.
Amazon has opened a walk-in centre in South Africa that it says will help its independent sellers attract more customers.
Takealot, has hired thousands of personal shoppers to help it penetrate townships and rural areas.