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E-retailers Superbalist, Spree to merge

Media24 and Takealot will merge their online fashion stores Spree and Superbalist to create a new platform for the sale of fashion goods on the Internet. The new venture will be held 51% by Media24, Spree’s current

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Technical problems prevent JSE open

There was no equities trading taking place on the JSE on Monday morning after a technical glitch prevented the market from opening. In a statement, the JSE said the equity market has not opened due to “certain

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Liberty hacked

South African insurance group Liberty has been hit by hackers, it said on Saturday evening. In a message sent via SMS to customers, Liberty said: “Liberty regrets to inform you that is has been subjected to unauthorised access to its IT

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Vodacom bosses’ big payday

Vodacom Group CEO was paid R50.3-million in pre-tax salary and other benefits, including short- and long-term incentive bonuses, in the 2018 financial year, while chief financial officer Till Streichert scored R16.2-million

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Eskom implements stage-one load shedding

Eskom confirmed just before 6pm on Thursday that it has been forced to implement stage-one load shedding. This is due to a strike by the utility’s workers which has involved “acts of intimidation and sabotage”. Spokesman

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Mophatlane’s Randvest buys into insurtech firm

Just two weeks after announcing it had acquired 100% of ICT infrastructure provider Bridging Technologies SA (BT-SA), Isaac Mophatlane’s Randvest Capital has acquired a stake in MyCybercare, a cyber insurance

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Seacom upgrades subsea cable

Seacom has upgraded its submarine cable system that connects South Africa and East Africa to Europe. The upgrade has added 500Gbit/s of capacity, taking the total capacity on the route to 1.5Tbit/s. The cable was last

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Altron buys iS Partners for R225m

JSE-listed technology group Altron has acquired Microsoft partner iS Partners in a deal worth R225m. The acquisition is subject to Competition Commission approval. Altron CEO Mteto Nyati said the deal gives

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Vodacom in R17.5bn empowerment deal

Vodacom Group has announced a planned R17.5bn black economic empowerment deal with Royal Bafokeng Holdings, Thebe Investment Corporation and existing BEE shareholder YeboYethu that will take its BEE ownership to about

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