Author: Staff Reporter

Communications regulator Icasa on Wednesday moved to caution those involved in various efforts to rescue mobile operator Cell C that any deal must meet “regulatory compliance requirements”.

Bank Zero, the digital bank backed by former First National Bank CEO Michael Jordaan, is on track to launch in the first half of next year and is promising innovations to stamp out card fraud.

The company, used the AfricaCom conference currently take place in Cape Town to announce the new offering, called Sentech Connect, which is aimed at government users.

Eskom has warned that the supply of electricity remains constrained, with a probability of load shedding all week.

OLX Group, the Internet classifieds business in the Prosus stable, said on Monday that it will increase its ownership in online car marketplace Frontier Car Group.

The power-supply situation in South Africa has taken a sudden turn for the worse, with Eskom said on Thursday evening saying it plans to implement overnight stage-2 load shedding from 10pm to 5am on Friday.

The Competition Commission has appointed Tamara Paremoer as the new divisional manager of mergers and acquisitions with immediate effect.

Nedbank has launched a “lite” version of its smartphone banking application. Called Money App Lite, it’s a streamlined version for Android devices.

Eskom warned on Monday night that forced blackouts could return at short notice due to the “unexpected loss of some generation units over the weekend”.

MultiChoice’s streaming video platform DStv Now served a peak of more than 500Gbit/s to sports fans during the Rugby World Cup final – the equivalent of 4TB of data a minute.