German software giant SAP is “investigating various possible actions” after a report on Tuesday said that it had become embroiled in a corruption scandal involving a Gupta front company. According to the report published by the Daily
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More than half a billion people in sub-Saharan Africa will be subscribed to a mobile service by the end of the decade, according to a new research report from the GSMA released on Tuesday. The GSMA, a mobile industry body, said in the report
Huawei said on Tuesday it will partner with British money transfer operator WorldRemit to let African expatriates send cash home to millions of users of the Chinese company’s mobile money service platform. The deal will
Construction of a new subsea cable, the first to connect Africa with South America, is making progress, with Angola Cables, the company behind the project, announcing on Monday that ground has been broken in the development of a
The South African Social Security Agency has scrapped the advisory groups that were set up to plan for the future of the country’s more than R140bn of annual welfare payments. Letters were sent to the so-called
Eskom said on Monday that auditors have raised concerns about issues relating to Matshela Koko and Brian Molefe, who both ran South Africa’s state-run power utility this year, in their year-end review. The company’s external auditors
MTN has reportedly agreed to settle a fine of $8.5m with the Rwandan government after negotiations over the fine broke down. The fine was imposed on the Rwandan subsidiary of the Johannesburg
Johannesburg residents and businesses have been warned to plan ahead for a widespread planned power interruption on Monday, 10 July, extending into the next morning. In a statement, City Power said dozens are suburbs, from
JSE-listed technology group Altron said on Monday before markets opened that it plans to dispose of its subsidiary Crabtree Electrical Accessories to Germany’s Siemens for an undisclosed sum. The deal, which must still be approved
Liquid Telecom, the company that recently acquired South African telecommunications operator Neotel, said at the weekend that it has been successful in its new capital raising exercise, securing $700 (about R9.4bn) in a bond