Author: Staff Reporter

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.

Rain will build a 5G network in South Africa, chairman Paul Harris said at the South Africa Investment Conference on Friday. It will leverage its existing spectrum allocation in the 3.6GHz band to do this, he said.

Just months before Microsoft is due to open two Azure data centres in South Africa, the world’s largest cloud provider, Amazon Web Services, has announced it will also open data centre facilities in the country.

Altron has resumed dividend payments to shareholders, sending the group’s shares higher on the JSE on Thursday. It’s the first time it has paid a dividend since 2016.

Blue Label Telecoms chairman Larry Nestadt has acquired millions of rand worth of shares in the company in recent weeks as its stock price continued to plumb levels last seen a decade ago.

Huawei, which is engaged in a fierce battle for smartphone supremacy with Samsung and Apple, has launched its new high-end smartphone, the Mate 20 Pro, in South Africa, just a week after it was unveiled in London.

Netstar, a subsidiary of JSE-listed Altron, said on Monday that it has signed a joint venture deal with C Ahead Technology to offer insurance and fleet telematics in India.