Capitec Bank hopes that its acquisition of Creamfinance, a European online lending firm, will eventually lead the establishment of a digital-only bank overseas. “We’re building a digital bank on this side and they’re
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All the latest technology news from South Africa and around the world.
Facebook is making a dramatic change to the social network’s mobile application, letting people post pictures and videos that disappear after 24 hours. Dramatic, but unsurprising – it’s the fourth time the
Amazon.com has agreed to buy Dubai-based online retailer Souq.com, whose shareholders include Naspers and Tiger Global Management, betting that e-commerce in the Middle East is poised to take off. The US e-commerce
Tesla has won a vote of confidence from Chinese Internet giant Tencent Holdings, whose purchase of a 5% stake boosts Elon Musk’s ambitions to get his mass-market Model 3 electric sedan to buyers this year. Tencent paid about US$1,8bn
Samsung Electronics has detailed its plans for the millions of Galaxy Note7 smartphones it pulled off shelves when some caught fire last year, including recycling materials and potentially letting customers use them as
President Jacob Zuma’s order for finance minister Pravin Gordhan to cancel an investor roadshow in London and the US left the nation’s credibility in tatters. The rand plunged more than any other major currency on
From 1 April, it will cost residential consumers 5,3% more per month to lease a phone line from Telkom. Line rental will increase from R189 to R199/month on that date. Meanwhile, a residential telephone line installation rises by
Telkom plans to break out its telecommunications towers and real estate assets into a separate unit that may then be listed on a stock market, according to two people familiar with the matter. The new entity would be run by a new, property-focused
Former MTN South Africa CEO Zunaid Bulbulia has been appointed as chief financial officer of Huge Group with immediate effect. Bulbulia, who joined Huge Group in January 2016 as a nonexecutive director, is also
The rand erased its advance to become the worst performer in emerging markets after President Jacob Zuma’s order to abort an international roadshow served as a wake-up call to the country’s political risks. The currency reversed