Twitter was sued by a shareholder over claims it misled investors on key growth metrics, including user count and user engagement, almost two years after touting plans to top 500m users. The suit, filed on Friday in federal court
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Twenty-two billion dollars. That’s the value that was wiped off the market capitalisation of Samsung Electronics in two days last week as investors took stock of implications of a global recall of its latest flagship smartphone, the Galaxy
One of South Africa’s largest church groups, Shepherd Bushiri Ministries International, which claims to have about 2m followers, is launching a mobile virtual network operator to offer congregants voice and data
The Huffington Post, the left-leaning American news aggregator and blog site, is to be launched in South Africa in partnership with Naspers subsidiary Media24. The site will go live in November. The partnership was announced on Friday
Another delay has hit South Africa’s digital broadcast migration project as the agency behind the roll-out of set-top boxes has temporarily halted production of these devices. Set-top boxes decode digital signals for analogue television sets and
It may seem that investors in MTN Zakhele, MTN’s black economic empowerment scheme, are pricing in risk given the sell-off leading up to the scheme’s expiry in November. Over the past month, the share price of
Four months after rival Vodacom South Africa pulled the plug on its mobile payments platform M-Pesa, MTN South Africa is doing the same with its Mobile Money offering. The move by MTN comes just two weeks after news emerged that
Alleged attempts to remove finance minister Pravin Gordhan from office have left AngloGold Ashanti chairman Sipho Pityana feeling jittery. “I lose sleep about attempts to remove minister
The recent period of fuel price reductions is set for a reversal as the weakening rand and stronger international petroleum prices combine to cause pain at the pumps. This is according to the Automobile Association, which was
About 650 000 locally made set-top boxes have been delivered to the Post Office as part of South Africa’s broadcasting digital migration project, the department of communications revealed in parliament on Thursday. The bulk of those boxes