Standard Bank Group expects to close 91 branches across South Africa, most by the end of June, in a move that may affect about 1 200 employees.
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Parliament’s portfolio committee on communications has adopted a final report that recommends eight candidates to fill the SABC board.
Huge Group is acquiring Otel in a share-swap deal involving its subsidiary, Huge Networks, the JSE-listed telecommunications specialist said in a statement to shareholders after markets closed on Thursday.
Technology group Altron said on Thursday that is has appointed Cedric Miller as its new chief financial officer. He will join the group on 1 May.
The latest plants built by South Africa’s financially strapped power utility experienced outages on Thursday that led to ongoing electricity cuts.
Eskom implemented stage-one rotational load shedding on Thursday, then progressed the blackouts to stage two later in the day. The state-owned utility blamed a “shortage of capacity” for the move.
A Google employee has broken the world record for the most accurate value of pi, putting the number of digits at 31 415 926 535 897.
Something big is going on at Dimension Data. The IT services group’s Middle East and Africa operations could soon be listed on Johannesburg’s stock exchange, if speculation swirling through the IT industry is correct.
MTN Group plans to push ahead with an initial public offering of its Nigeria unit in April or May once Africa’s biggest wireless carrier resolves a $2-billion tax dispute in the country.
Naspers wants to spend about $1-billion in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent, a person familiar with the matter said.