Author: Staff Reporter

Naspers’s global fintech company, PayU, is expanding into Southeast Asia with the acquisition of Singapore-based Red Dot Payment.

Econet Media has placed its satellite broadcasting business into administration, Business Day reported.

Protea Glen in Soweto will get fibre to the home after Vox subsidiary Frogfoot Networks announced a roll-out in the area, with up to 20 000 homes and businesses to be connected in a phased approach.

VALR.com will offer ether-rand trading from next week as the cryptocurrency exchange, backed by former FNB CEO Michael Jordaan, ramps up its efforts to tackle Naspers-backed market leader Luno.

EOH Holdings has sold 70% of subsidiary Construction Computer Software for R444.4-million.

Tiso Blackstar, the owner of various media assets including the Sunday Times, Business Day and the Financial Mail, is selling the rump of its business to Lebashe Investment Group for over R1-billion.

Tech accelerator and incubator Founders Factory Africa has struck a deal with healthcare provider Netcare Group to provide a platform for entrepreneurs to build and scale health-tech start-ups in Africa.

Combined gross fraud losses on South African-issued bank cards soared by 18% in 2018, compared to the previous year, and totalled an astronomical R873.4-million, industry body Sabric said on Wednesday.

Technology group Etion has reported a 108% slide in full-year headline earnings per share to a loss of 0.56c and has blamed the weak South African economy for the poor performance.

Telkom Group CEO Sipho Maseko has sold more than 112 000 shares in the telecommunications operator, bagging R10.8-million in the process.