Cell C is in the process of raising US$600m, or about R8,5bn, to prop up its balance sheet, given its crippling debt load of R23,6bn. The company’s management is currently on a roadshow in London to drum up support among investors, as the
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Nazeem Howa stepped down as CEO of Oakbay Investments, a Johannesburg-based holding company owned by the Gupta family, on Monday citing health reasons. The announcement came four days after finance minister Pravin
Digital payments of minibus taxi fares are set to be rolled out to the industry across Gauteng. The card-based project, which is backed by the Gauteng provincial government and headed up by TaxiChoice Association, will be introduced to the Johannesburg
The constitutional court must order parliament to probe its own decisions around recent events at the public broadcaster, the SABC 8 have said in court papers. In papers filed on Friday, the eight journalists, who were fired and then rehired by the SABC
Technology “accelerator” Sw7 has announced plans to open an “innovation hub” and co-working space in Johannesburg. The @Sw7 Workspace will be the first such space to open in the north of the city, according to its backers. @Sw7 Workspace will offer
The world has been through three recognised industrial revolutions. The first came with the invention of steam power in the mid 1700s. The second, around 100 years later, harnessed electrical power for mass production. The third, another 100 years after that
Chinese computing giant Lenovo is readying to launch its “Moto” smartphones in South Africa on Thursday, a move that heralds the return of Motorola in South Africa. Lenovo bought Motorola Mobility from Google in late 2014 for US$2,9bn. Google
A group of senior South African business leaders publicly expressed support for finance minister Pravin Gordhan as he faces fraud charges. “South Africa’s democratic transformation cannot afford to have a man of Gordhan’s
Cell C is “very definitively” offering the best deals for consumers looking to get their hands on Apple’s new iPhone 7. Tariffic, a company that helps retail consumers and businesses save money on their cellphone bills, has
President Jacob Zuma appears increasingly vulnerable in a power struggle with his finance chief after a series of new allegations emerged about the business dealings of members of a wealthy family who are his friends and in business