Author: Staff Reporter

MultiChoice won’t hike the price of DStv Premium in 2019, reflecting the pressure the pay-television broadcaster is under at the top end of the market.

MTN Group said on Monday that it expects to report an improvement of at least 20% in headline earnings and attributable earnings per share for the year ended December 2018.

Vodacom offered its former employee, Nkosana Makate, R49-million to settle the “please call me” dispute, his former “litigation funder”, Chris Schoeman, said in a radio interview on Thursday.

The financial distressed SABC failed to pay its employees on time this month, but the public broadcaster has said it’s not because it’s run out of money. Instead, it has blamed a “glitch” at its bank for the problem.

Maria Ramos will retire as Absa Group CEO at the end of February, the financial services group said on Tuesday. Ramos has been at the helm for the past decade.

Three media companies have collectively been fined tens of millions of rand for price fixing and the fixing of trading conditions. The Competition Commission wants the firms to cough up for their “cartel conduct”.

Worldwide IT spending is set to reach almost US$3.8-trillion in 2019, according to new research from analyst firm Gartner. This is a 3.2% increase over spending in 2018.

Naspers said on Friday that it is investing almost $1.2-billion (about R16-billion) to buy an additional 29.1% stake in Russian classifieds business Avito.

Internet ride-hailing company Uber has introduced a “Lite” version of its smartphone app in South Africa, aimed at users in bandwidth-constrained environments.

First National Bank is introducing consumer and merchant QR code payments to its banking app. The bank is using Masterpass, Mastercard’s digital payment service, to offer the functionality.