A record run of recorded inflows into South African stocks were the result of a programming error, with foreign investors in fact selling more shares than they bought over the period, the country’s stock exchange said. Rather than spending
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A telecommunications industry body has called on the South African Revenue Service to stop taxing cellphones as “luxury items”. The Wireless Application Service Providers’ Association said on Monday that smartphones
Ericsson CEO Hans Vestberg stepped down after six and a half years at the helm of the Swedish telephone equipment maker, a period marked by a falling stock price, intense competition and investigations into the company’s business
Hacktivist group Anonymous Africa says it has inspired others to launch cyber attacks for political purposes in South Africa and across the region. Anonymous is a loose global network of hackers who launch attacks on
Computer programmers who work for digital advertising agencies earn, on average, 26% less than their counterparts in the ICT sector, according to a survey. Non-profit organisation, the Interactive Advertising Bureau of South Africa
Naspers increased the compensation of CEO Bob van Dijk by 5% as the company prepares to further boost its international Internet business in the face of falling pay-television customers in sub-Saharan Africa. Van Dijk was paid US$1,67m
South Africa’s economy is in a low-growth trap and the central bank is unable to assist its recovery, according to governor Lesetja Kganyago. “We are concerned about what has been happening with the growth outlook,” Kganyago
First National Bank says it has fixed a connectivity issue that impacted its services on Sunday. Clients of FNB on Sunday turned to social media to complain of an outage that affected banking and even mobile phone services. Several customers
First National Bank clients on Sunday reported being unable to use their bank cards at the point of sale or at ATMs as a major outage hit the financial services institution. Users turned to social media to share their frustration
South Africa’s economy needs to start expanding, and by a much higher rate, if it hopes to make any dent in poverty, says local economist Dawie Roodt. Projections for South Africa’s economy have gone from bad to worse with the South