Altron subsidiary Bytes UK has agreed to buy 100% of Blenheim, the holding company of British value-added reseller Phoenix Software, for £35.9m, or about R650m. The deal will be funded through a combination
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TymeDigital by Commonwealth Bank SA has become the first new bank to receive an operating licence from the South African Reserve Bank since 1999. The bank, set to become a full service digital bank, currently
Internet service provider Webafrica is splitting into two businesses, one focused on providing Internet access and the other providing hosting services. In a post on Webafrica’s website, CEO Tim Wyatt-Gunning said the company’s
Naspers is spending €660m, or about R10.6bn, increasing its stake in one of Europe’s fastest-growing online food order and delivery businesses, Delivery Hero. For the money, Naspers is buying an additional 13% of the
Business Leadership South Africa (BLSA) has suspended the membership of both Eskom and Transnet with immediate effect, citing the state-owned enterprises’ connection with “extensive allegations of corrupt behaviour over
Dark Fibre Africa, the fibre telecommunications company in which JSE-listed Remgro holds a 50.9% stake, is in talks to buy fibre-to-the-home broadband infrastructure provider Vumatel, according to
The sale of tablet computers in South Africa has tanked, but smartphone sales continue to “boom”, despite the weak economy, new data from GfK shows. Media tablet sales shrank by 40% in the first half of 2017
Vodacom and MTN both said on Wednesday that they are making significant progress in rolling out Internet of things (IoT) infrastructure in South Africa. MTN Business said it has embarked on an “aggressive
First National Bank has debuted the second generation of its own-branded smartphones. The ConeXis X2 and ConeXis A2 will be available for R69/month for the base model and R199/month for the premium model, and will be
Investors in Telkom gave its shares a dressing down on Tuesday in the wake of continued plans by the government to sell part of its shares in the fixed-line group to fund the bail out of cash-strapped South African