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Until now the largest social network in South Africa, Mxit, which claims to have 7,4m active monthly users, has been knocked from the top spot by Facebook, with an estimated 9,4m active users, a number the researchers say may actually be on the conservative side

Investment company Kagiso Tiso Holdings has offered to purchase the remaining shares in Kagiso Media, the company said on Tuesday. Kagiso Tiso currently owns 51,1 percent of Kagiso Media. “Through this transaction, Kagiso Tiso is offering

Power utility Eskom said on Tuesday it had met its winter electricity demand and urged South Africans to save electricity during summer. “This winter was different, in that long-duration generation maintenance was planned to be done and was implemented,” Eskom CEO Brian Dames said in releasing

The three partners of Cash Paymaster Services were not assessed in a R10bn social grant tender process, the constitutional court heard on Tuesday. “Evidently, the state should not be in the business of awarding multibillion-rand tenders to persons who have no proven, or assessed

Trade union Solidarity will not blindly back Telkom’s opposition to local-loop unbundling (LLU), which it has done in the past. It will now instead remain neutral on the issue and monitor how the process unfolds, spokesman Marius Croucamp says. Solidarity is the second largest union

First National Bank has increased the number of South African accounts by 8%, or 542 000, in the year to the end of June, underpinning total account growth of 1,1m. Number of transactions processed climbed by 13%, with fees and commissions up by 14%

KMPG has released a new report on customer service in the prepaid mobile industry worldwide that has found that providing excellent customer service across the board is the key to keeping customers loyal and reducing churn. The company undertook a study

South African Internet users purchasing goods, especially virtual services and content, from international suppliers are hurting the fiscus and making local businesses less competitive. That’s the view of a tax specialist at auditing firm Deloitte, who says VAT is seldom levied on these purchases

The constitutional court will hear arguments on Tuesday relating to the awarding of a social grant tender, which was found to be invalid by a lower court. The unsuccessful bidder, AllPay Consolidated Investment Holdings, argues the tender process was procedurally flawed and unfair, and violated

The ZA Central Registry (ZACR), which administers the domain and will soon oversee four new geographic generic top-level domains (gTLDs), says the general public should be able to register these new domains from mid-July next year. ZACR CEO Neil Dundas says that