The JSE is proposing tighter listing rules after South African financial markets were “shaken by a range of corporate scandals, rumours and innuendo” over the past year.
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Hackers are illegally generating monero, bitcoin and other cryptocurrencies by exploiting a software flaw that was leaked from the US government, according to new research.
MultiChoice South Africa CEO Calvo Mawela is confident the pay-television broadcaster can arrest the decline in the number of lucrative DStv Premium bouquet customers on its books.
Despite severe criticism from communications minister Nomvula Mokonyane, the SABC intends pushing ahead with a restructuring that is likely to include retrenchments to reduce its cost base.
A day after announcing a plan to unbundle pay-television unit MultiChoice, Naspers’s online classifieds business OLX has made a R1.4-billion investment in specialised car-buying service Webuycars.
MTN Group may list its Ugandan unit following government pressure on Africa’s biggest wireless carrier by subscribers to increase local ownership in the East African country.
Naspers has announced it plans to list its video entertainment business on the JSE while at the same time unbundling the unit to shareholders.
The SABC’s plan to cut costs, including going through a possible retrenchments programme, has hit a political brick wall.
More than half of South Africa’s core coal plants are running low on fuel, with at least four holding less than 10 days of supply, and the country’s power utility plans on trucking and railing emergency stocks as far as 400km.
Econet Wireless Zimbabwe is in talks about restructuring the company, according to two people familiar with the matter. The restructuring may be related to a planned listing of Liquid Telecom.