The Public Investment Corporation (PIC) is to sink US$1bn into African investments and equities, according to finance minister Nhlanhla Nene. “The PIC will, in the new financial year, also focus on developmental investments in Africa, with a
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Mark Shuttleworth will give away the more than R250m the South African Reserve Bank must have him following a bruising battle at the supreme court of appeal in Bloemfontein. The Internet billionaire said in a blog post on Wednesday that he will commit all the funds returned to him
The South African Reserve Bank must pay Mark Shuttleworth R250,5m plus interest after the Internet billionaire won a high-profile case at the supreme court of appeal in Bloemfontein. According to a report on technology website
MTN has appointed former Microsoft South Africa MD Mteto Nyati as its new group chief enterprise officer. The appointment is effective 1 October. The move comes just weeks after Nyati took on the role of GM for
The Companies and Intellectual Property Commission (CIPC) on Monday came under fire from the Democratic Alliance, which claimed that the commission’s new website was broken, causing major delays in the registration of new
An unidentified suitor has made a bid to acquire 100% of JSE-listed telecommunications and payments specialist Blue Label Telecoms, sending the firm’s share price higher by nearly 10% in Wednesday morning trading on the JSE. “Shareholders are
o agreement has been entered into with Russia for the construction of nuclear power plants, the energy department said on Wednesday. The document recently signed between South Africa and Russia was an inter-governmental agreement – one of six sought from Russia and five other countries
Telkom will launch an LTE Advanced (LTE-A) network, offering next-generation mobile broadband speeds to South African consumers, before the end of the year, the group’s chief operating officer, Brian Armstrong, has announced. Speaking at a consumer broadband
Cell C CEO Jose Dos Santos said on Tuesday that the mobile operator is likely to challenge communications regulator Icasa’s final call termination rates, published on Monday, though it has not disclosed on what legal basis
Technology group Gijima is facing a difficult and uncertain future after it warned on Tuesday that it had failed to comply with financial covenants related to borrowings of R213m and auditor KPMG warned of “the existence of a material uncertainty which may