The Public Investment Corp breached policy when it agreed to invest in a local technology company before the deal had received the necessary approvals.
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MTN Group on Wednesday confirmed reports that three senior managers have been arrested and deported by the Ugandan government.
First National Bank is introducing consumer and merchant QR code payments to its banking app. The bank is using Masterpass, Mastercard’s digital payment service, to offer the functionality.
South Africa’s inflation rate reached the mid-point of the central bank’s target range of 3-6% in December — something the Reserve Bank says would allow for flexibility in dealing with price shocks.
MultiChoice will carry losses incurred by Showmax in the “medium term”, but the goal is eventually for the streaming television service to turn a profit once broadband infrastructure in South Africa and the rest of the continent has been built out further to support it.
Streaming services pose a significant threat to MultiChoice’s future growth potential, but they are by no means the only risks exercising the minds of the pay-television operator’s management team.
Years after starting a process to sell its non-core assets, JSE-listed technology group Altron has received regulatory approval to dispose of the last company it had a controlling interest in and which it had ring-fenced for sale.
The Public Investment Corp, Africa’s biggest money manager, said it has suspended two employees after an investigation into a transaction with Ayo Technology Solutions.
Zimbabwe’s high court has ruled that unrestricted access to Internet services must be restored following a shutdown of social media applications that has lasted for almost a week.
Researchers claim it is possible to profile people based on the social media activity of their friends, even if the person does not use the platform.