Author: Staff Reporter

Cell C has appointed Zafar Mahomed as its new chief financial officer. This follows the short tenure of the previous CFO, Tyrone Soondarjee, who resigned in May after less than a year in the role.

Private equity investment firm Ethos has launched a new fund, targeting R1-billion, that will invest in artificial intelligence companies in South Africa.

The GSMA on Tuesday warned that governments and regulators must move quickly to free up the right radio frequency spectrum bands to ensure the speedy roll-out of 5G services.

Blue Label Telecoms, taking advantage of its low share price, has bought back almost 3.5% of the company’s issued share capital, it said on Monday.

New research commissioned by Luno shows there is a great deal of interest among South Africans in owning at least one cryptocurrency.

Online retail in South Africa will represent 1.4% of total retail sales in 2018, surpassing the R14-billion mark for the first time, according to new research.

Former First National Bank CEO Michael Jordaan’s new financial services venture, the app-driven Bank Zero, has been integrated with the national payments system and will now begin trial runs ahead of commercial launch.

MTN Group’s financial update for the quarter ending 30 September 2018 shows that its South African operation is losing clients.

IBM has announced it will buy Red Hat, the world’s biggest Linux company, for $34-billion. That’s more than a quarter of IBM’s market capitalisation, and comes as the legacy computer giant tries to play catch-up in cloud computing.

Naspers said on Friday that it will invest R1.4-billion to help South African technology entrepreneurs grow their start-ups and will invest R4.6-billion over the next three years in the local technology sector.