JSE-listed media and e-commerce giant Naspers has announced it will invest R960m in South African e-retailer Takealot Online – which owns Takealot.com and other assets – in the process taking a majority stake in the company. In a statement
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Newly appointed Altron CEO Mteto Nyati has moved quickly to stamp his authority on the listed technology company, naming a new executive committee and scrapping “redundant” positions. The idea behind the restructuring is to
The head of South Africa’s nuclear company has said a request for proposals to build reactors is expected to go out as early as June as five potential suppliers emerge as leading candidates. Companies from South
A week after President Jacob Zuma appeared to have weathered calls to resign, former leaders of the ANC are ratcheting up pressure on him to quit after his shock cabinet purge prompted two ratings agencies to downgrade the
Just a week after downgrading South Africa’s foreign currency rating to “junk”, S&P Global Ratings has changed its rating outlook on the country’s biggest fixed-line telecommunications operator, Telkom, to “negative”. Its rating has been
Social development minister Bathabile Dlamini bypassed officials at the country’s welfare department and helped create a crisis that would ensure that Net1 UEPS Technologies would continue to distribute payments on behalf of the government
International ICT company Datatec is in talks to sell a major share of subsidiary Westcon’s operations for more than US$800m. Datatec, which is listed on the JSE, with a secondary listing on London’s AIM, operates across three
Seacom said at the weekend that an outage is affecting services to some clients. The problem, on segment 15 of the Seacom submarine cable system, is located slightly west of Djibouti in the Red Sea and occurred on 8 April at about 9pm South
Vodafone Group CEO Vittorio Colao is optimistic that a breakthrough is near regarding government’s controversial ICT policy white paper, saying a “hybrid” model proposed by local mobile operators, including Vodafone
First fact-checking came to Facebook. Now it’s coming to Google. The world’s largest search engine is rolling out a new feature that places “Fact Check” tags on snippets of articles in its News results. The company had already run limited tests. On Friday, it extended the