Author: Staff Reporter

The troubles facing financially distressed mobile operator Cell C have taken a dramatic turn. TechCentral received this open letter from CEO Douglas Craigie Stevenson on Wednesday evening, which we publish here in full.

Spotify has launched a “lite” version of its music streaming app aimed at users in emerging markets like South Africa where data costs can be prohibitive.

Datatec subsidiary Logicalis Group has acquired Mars Technologies, an IT services company with offices in Cape Town, Johannesburg, Durban, Port Elizabeth and East London employing 76 people.

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.