Convergence Partners, the private equity investment firm controlled by businessman and entrepreneur Andile Ngcaba, has announced the first close of its third fund after raising $120-million.
Author Staff Reporter
MTN is working to expand its 5G coverage, despite uncertainty about the allocation of new spectrum, and has deployed 5G towers in Polokwane and Emalahleni, with more towns to follow.
A powerful cold front that swept across South Africa overnight, coupled with a loss of generation capacity, means Eskom will implement load shedding from 4pm to 9pm on Thursday.
New data released by Netstar, the vehicle tracking and recovery firm owned by JSE-listed Altron, has shows clearly the massive impact of last week’s riots on South Africa’s trucking industry.
Naspers, through its Foundry start-up investment business, said on Wednesday that it is investing R34-million in Ctrl, a digital short-term insurance marketplace that connects consumers, brokers and insurers.
The University of Cape Town is launching an “online high school”, offering a free online curriculum to anyone with an Internet connection.
Telkom now has an own-branded music streaming service after reaching an agreement with Joox, owned by China’s Tencent, to launch the offering.
Eskom has asked South Africans to cut back on their use of electricity as the South African Weather Service forecasts of the arrival of a powerful winter weather system this week.
It is not yet clear just how extensive the destruction of particularly retail and warehouse property and the looting of stock in the unrest in KwaZulu-Natal and Gauteng was.
A banking industry body has warned South Africans that possession of dye-stained bank notes looted from ATMs in this week’s political-inspired anarchy could land them in serious trouble.