President Jacob Zuma has received and accepted the resignation of Leah Thabisile Khumalo as a member and deputy chair of the board of the SABC with immediate effect. The president thanked Khumalo for her contribution
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Time Warner has agreed to be acquired by AT&T in a stock and cash transaction that values the entertainment conglomerate at US$86bn, according to a person familiar with the negotiations. Investors will get up to $110/share
South Africa’s largest banks backed finance minster Pravin Gordhan’s stance that he has no power to stop them from closing the accounts of a company controlled by friends of President Jacob Zuma. FirstRand, Standard Bank, Barclays
MTN Group, responding in detail to allegations that the wireless carrier illegally moved more than US$14bn out of Nigeria, said central bank approvals were obtained before any dividends were issued. “No dividends were declared
Crime fighters in Diepsloot have a new weapon in their arsenal in the form of technologies to ensure better crime reporting and faster response times. Police on Wednesday announced a project with security company
Airports Company South Africa (Acsa) has thrown its weight behind global calls for the Samsung Galaxy Note7 to be banned from flights. Jason Tshabalala, group manager for security at Acsa, urged passengers
Vodacom has introduced a technology on its network called dual-carrier high-speed uplink packet access, or DC-HSUPA, that it said will speed up data uploads for consumers on 3G. The technology is an evolution of high-speed
MTN Group shares slumped to a six-year low after a Nigerian senator claimed the wireless carrier may have illegally moved more than the previously estimated US$14bn out of the country, citing early findings
Vumatel has reached an agreement to acquire fellow fibre-to-the-home provider Fibrehoods, potentially kick-starting a long-expected consolidation of the industry, in which it is estimated there are more than two dozen players
The Competition Commission has struck down meter taxi drivers’ bid to declare Internet app Uber as engaging in predatory pricing and anticompetitive behaviour. In May this year, eight regional taxi companies and 150 individual