Author: Staff Reporter

Cell C has reported an interim net loss after tax for the six months to June 2020 of R7.5-billion, but said this was mainly the result of once-off costs and adjustments and that normalised earnings actually grew by 64%.

Cryptocurrency exchange Luno, previously backed by Naspers but now owned by Digital Currency Group, has launched a savings wallet, offering customers interest of up to 4%/year on their bitcoin holdings.

Nyiko Shiburi has been appointed as CEO of MultiChoice South Africa, replacing Mark Rayner, as the pay-television group announces sweeping management changes.

US fintech and Internet payments leader Stripe said on Thursday that it is acquiring Paystack, a Nigerian payments start-up, as it looks to grow its footprint across the African continent.

South Africa’s fifth mobile operator, Rain, has launched “unlimited 4G for phones”, offering uncapped on-device data for R379/month on a month-to-month contract.

Emerging markets investment firm Actis has agreed to buy a controlling stake in Cape Town-based fibre broadband network operator Octotel.

Rain CEO Willem Roos will step down, Business Day reported on Tuesday, citing a company statement. He will relinquish the role in March 2021.

JSE-listed technology group Altron has appointed Collin Govender, currently its group CIO, as MD its Altron Karabina subsidiary following the impending exit of incumbent Grant van der Wal.

Liquid Telecom has appointed industry veteran Deon Geyser as CEO of its South African operation, replacing Reshaad Sha, who left in August to launch his own company.

BriteGaze, the artificial intelligence venture launched by former Liquid Telecom South Africa CEO Reshaad Sha, said on Monday that it has completed a feasibility study for the launch of BriteGaze Fund One.