The International Finance Corporation, which forms part of the World Bank Group, and related funds managed by the IFC Asset Management Company are buying a 18% stake in South Africa- and US-listed technology group Net1 for US$107,7m (about R1,6bn). IFC has agreed to
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The South African Police Service has warned against a cellphone scam in which users receive a text message saying a case has been opened against them by the police. According to spokesman Hangwani Mulaudzi, people
Google and partner Livity Africa have revealed a programme to train a million young Africans in digital skills in the next 12 months. The companies intend to provide training to
Roads agency Sanral on Tuesday tore strips off the Organisation Undoing Tax Abuse, accusing the lobby group of making statements and claims that are both defamatory and actionable
South Africa’s consumer confidence remains depressed as the economy remains in the grip of “stagflation”, the latest FNB/BER Consumer Confidence Index revealed on Tuesday
Open-access fibre telecommunications infrastructure provider DFA (Dark Fibre Africa) has acquired a “significant minority stake” in fibre-to-the-home specialist SA Digital Villages for an undisclosed sum. The transaction will see
The City of Cape Town is rolling out fibre broadband access to all buildings in the central business district as part of its investment into a municipal broadband network project. The city announced on Tuesday that it had connected an additional
Fibre broadband infrastructure provider Metrofibre Networx has reached an agreement with Link Africa that will see it replace all of the links for its core network with its own fibre over the next two years. Until now, the company has leased the fibre links for its core
Troubled technology group Altron has signed a binding agreement to dispose of its long-held subsidiary Aberdare Group for R1,2bn in cash. Altron subsidiary Powertech, which owns Aberdare, has entered into binding agreements to sell Hengtong Optic
There was fear and uncertainty among staff at Gupta-owned broadcaster ANN7 after they were told that they might not be getting their salaries. An employee at ANN7, who asked not named, said that staff were frightened and had been job hunting without any luck