Author: Staff Reporter

Although reports have emerged of quieter-than-normal retail stores this Black Friday weekend, it seems many South African consumers turned to online shopping to beat the crowds – and the coronavirus.

Huawei Pay, a payments system for Huawei smartphone users, will be launched in South Africa later this week, the Chinese consumer electronics giant said on Monday.

The SABC said on Friday that it will issue notices of termination of lease agreements for its non-core properties and will sell these at an upcoming public auction.

Anne O’Leary, the CEO of Vodafone Group’s operations in Ireland, will join the Vodacom Group board as a non-executive director from January 2021.

The Competition Tribunal has given its blessing to investment firm Actis’s acquisition of a controlling stake in Cape Town fibre broadband operator Octotel, and has attached no conditions to this approval.

A new study by Mastercard has found – unsurprisingly – that South Africans are shopping more online since the start of the Covid-19 pandemic. And the top thing they’re buying is cellular airtime.

Fintech start-up Stripe is in talks to raise a new funding round valuing it higher than its last private valuation of US$36-billion, according to people familiar with the matter.

South Africa’s headline consumer price inflation quickened to 3.3% year on year in October from 3% in September, data from Statistics South Africa showed on Wednesday.

Capitec has launched QR payments in its app, allowing clients to scan barcodes to make payments at the point of sale or online, including where merchants use Zapper or SnapScan.

EOH Holdings CEO Stephen van Coller testified at the Commission of Inquiry into State Capture on Monday. Watch the testimony here, with visuals courtesy of SABC News.