President Jacob Zuma ordered the country’s social development and finance ministers to ensure that welfare payments are made to beneficiaries on 1 April, the day after a distribution contract with Net1 UEPS Technologies is due to expire. Zuma held talks
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Social development minister Bathabile Dlamini said she took responsibility for the failure of the country’s welfare department to comply with a ruling by the nation’s top court. The constitutional court in 2013 said a contract between the
South Africa should consider splitting state power company Eskom into transmission and generation units to prevent it from undermining the country’s independent power producer program, the ruling ANC said. While the government has championed
JSE-listed IT distribution group Pinnacle Holdings, which is in the process of changing its name to Alviva Holdings (share code from PNC to AVV), said it will consider acquisitions worth as much as R1,3bn. The acquisition talks follow a strong
Mobile World Congress, the premier wireless technology conference in Barcelona, was supposed to be a coming out party for Google’s digital assistant. But at this year’s proceedings, the artificially intelligent voice-based service
MTN Group on Thursday reported a headline loss of 77c/share for the year ended 31 December 2016 as a perfect storm, headlined by a multibillion-rand fine in Nigeria, its biggest market, culminated in what it has
Bank of Baroda’s South African unit has started closing accounts of companies controlled by the Gupta family, according to three people familiar with the matter, potentially leaving the friends of President
Fibre-to-the-home broadband provider Vumatel has taken its first tentative steps into the KwaZulu-Natal market, acquiring Durban based fibre company Estate Connexions. Terms of the deal have not been
MTN South Africa CEO Mteto Nyati has said the mobile operator is “comfortable” with its distribution partnership with JSE-listed Blue Label Telecoms, despite the latter’s plan to acquire a 45% stake in mobile
Net1 UEPS Technologies, the company whose subsidiary Cash Paymaster Services manages the payment of welfare to 17m South Africans under a controversial tender, is acquiring a 15% stake in











