Standard Bank Group has allocated R10-billion to fund energy projects in South Africa as the continent’s largest lender by assets grows more confident in its home market and invests in riskier ventures.
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Telkom CEO Sipho Maseko earned total remuneration of R27.2-million in the 2018 financial year to 31 March, up from R25.9-million a year ago.
Vodacom Group had a robust first quarter of its 2019 financial year, growing subscriber numbers year on year by 2.5 million – 1.5 million of which were in South Africa.
Netflix is having a laugh – apparently at the expensive of MultiChoice’s DStv. It has posted a video on its social media channels about the supposed difficulties involved in installing a satellite-based television service.
Bitcoin’s rebound continued on Tuesday as the largest cryptocurrency climbed past the $8 000 level for the first time in two months.
Just 10 years ago, publishing and media accounted for 89% of Naspers’s revenue. Today, 79% of its revenue is derived from e-commerce and Internet businesses – and is growing.
Bitcoin pushed above $7 500 on Monday as the largest cryptocurrency resumed an advance that has carried it to the highest in two months.
Irregular spending at Eskom has swelled to R19.6-billion as South Africa’s state-owned power utility comes under pressure to restore its credibility and improve its finances.
Bob van Dijk is rolling in the riches. The CEO of Naspers received almost R1.5-billion in salary, bonuses and vested share options and appreciation rights, during the 2018 financial year, which ended on 31 March.
Internet Solutions has begun a retrenchment programme and may lay off as many as 200 staffers, TechCentral has learnt from two separate sources with knowledge of the developments.