Author: Staff Reporter

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.

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.