Naspers plans to expand in education software as Africa’s biggest company by market value searches for a repeat of the profitable bet it made on China’s Tencent. The owner of Africa’s biggest pay-television
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Nedbank has launched an interactive teller and banker ATM at its flagship new-generation branch in Sandton in Johannesburg. According to the financial services group, it is the only bank in Africa and the second
Naspers’s video entertainment assets, which include DStv operator MultiChoice, have come under severe margin pressure as investment in ShowMax and weak currencies in many of its markets put downward pressure on its trading
President Jacob Zuma’s office has refused to confirm or deny claims of an imminent cabinet reshuffle. The Sunday Times reported that Zuma was planning to restructure his cabinet after the ANC’s birthday
South Africa moved closer to a junk credit rating after Fitch Ratings changed the outlook on its assessment to negative from stable and warned that continued political instability could result in a downgrade. The ratings for foreign currency
Cell C’s planned recapitalisation, in terms of which JSE-listed Blue Label Telecoms will acquire 45% of the mobile operator for R5,5bn, has hit turbulence. News wires, including Reuters, reported on Thursday
SABC group executive of corporate affairs Hlaudi Motsoeneng says he can change South Africa in six months. “In South Africa, realise one thing, there is only one Hlaudi, no one else. And realise, I can change South Africa within six
Amazon.com is in talks to acquire Dubai-based online retailer Souq.com for about $1bn (R14,2bn) in a deal that will give the e-commerce giant a footprint in the high-growth Middle East market, according
Kagiso Media is placing a big bet on electronic sports and competitive videogaming with the launch of Mega8 eSports, which will host regular tournaments and offer “ample” prize money to players. The gaming platform was acquired by
Mastercard’s Masterpass now claims to be the most widely accepted digital wallet in South Africa after concluding a deal to allow consumers to use its wallet at the more than 30 000 SnapScan merchants in South Africa. Mastercard and SnapScan