Author: Staff Reporter

Uber has launched Uber Pass in South Africa, a R100/month subscription that works across the company’s ride-hailing service and its food-delivery platform offering various discounts.

South African fintech player Ukheshe has agreed to buy Oltio from Mastercard, the company that developed the digital payments platform for Masterpass, Mastercard’s QR code payments service.

The SABC board said on Friday that a plan to retrench 400 employees as part of a restructuring to get the public broadcaster on a sustainable financial footing has been suspended for seven days.

Telkom CEO Sipho Maseko has offloaded R6.3-million worth of the shares he holds in the JSE-listed telecommunications group, a regulatory filing on Wednesday showed.

Naspers has agreed to invest R45-million for a stake in online learning platform The Student Hub, which helps TVET colleges overcome physical infrastructure constraints.

A joint venture led by technology group Gijima was disqualified from road management tenders because it drafted and dated a document on one day and had it validated by a commissioner of oaths the next.

Investment holding company Kagiso Capital has invested R100-million in Stellenbosch-based Alphawave Group, a specialist technology investment firm.

A new research report published by Google and the International Finance Corp has found that Africa’s Internet economy could contribute 5.2% of the continent’s GDP within five years.

The SABC on Wednesday said it had concluded consultations under section 189 of the Labour Relations Act and would now retrench 400 employees 200 fewer than the 600 it said previously it might have to let go.

MultiChoice Group subsidiary SuperSport has secured the broadcasting rights for the Premier League for a further three seasons, meaning the JSE-listed pay-television operator has extended the relationship to 2025.