Author: Staff Reporter

Cell C’s planned recapitalisation, in terms of which JSE-listed Blue Label Telecoms will acquire 45% of the mobile operator for R5,5bn, has hit turbulence. News wires, including Reuters, reported on Thursday

Kagiso Media is placing a big bet on electronic sports and competitive videogaming with the launch of Mega8 eSports, which will host regular tournaments and offer “ample” prize money to players. The gaming platform was acquired by

Mastercard’s Masterpass now claims to be the most widely accepted digital wallet in South Africa after concluding a deal to allow consumers to use its wallet at the more than 30 000 SnapScan merchants in South Africa. Mastercard and SnapScan

Nasdaq-listed global asset management firm Carlyle Group is acquiring a majority stake in South Africa’s CMC Networks, which provides managed connectivity solutions for telecommunications operators across Africa. Investec Equity Partners will

MultiChoice has upgraded its DStv Now streaming service, ditching Adobe Flash in favour of HTML5, while also updating its SuperSport iOS and Android app to allow for a picture-in-picture mode

MTN has raised R1,1bn through the public offer for its new black economic empowerment scheme, Zakhele Futhi, well short of the target of R2,5bn, but sufficient to allow the transaction to proceed. The telecommunications group

Naspers expects its core headline earnings to rise by as much as 28% in the six months to end-September 2016 compared to the same period a year ago. The JSE-listed global technology and media giant said

Vodacom has reached an agreement to roam on Wireless Business Solutions’ LTE-Advanced network, according to a report. Vodacom will benefit from WBS’s LTE-A broadband network through a roaming deal

ANC chief whip Jackson Mthembu has filed a defamation suit against SABC executive Hlaudi Motsoeneng, demanding R1m for making “malicious and defamatory” remarks about him

Online audio distribution platform iono.fm has raised R2,5m in funding from a Clifftop Colony-led consortium made up of South African and international angel investors, the company said on Thursday. Iono.fm provides a