All the latest technology news from South Africa and around the world.
Summit Partners announced on Tuesday that is investing €20m (R224m) in the German parent company of online fashion retailer Zando. Much of the cash will reportedly flow to the South African arm of the company. Last month, the European company secured an investment from JP Morgan
Almost two-thirds (64,8%) of South African households have no access to the Internet. Of the 35,2% that do have Internet access, 46,3% get online using a mobile phone. Only 8,6% of South African households have access to the Internet at home. Statistics SA released the information as part
More South African households own televisions than they do refrigerators, according to 2011 census, released on Tuesday. Of the 14,5m homes around the country, almost 10,7m have a TV, while 9,9m have a fridge. According to the document, more than 12,8m households have
Absa has lost another of its top executives. Its managing executive for digital channels, Christo Vrey, has resigned and his deputy, Adrian Vermooten, will fill the vacant position. Vrey left Absa at the end of September. Vrey, who has been with Absa
SA’s largest retail bank, Absa, will release its banking application to its staff next month and to consumers in the first quarter of next year, a spokesman for the company says. The app will be available first to users of Apple iOS and Google Android phones, with other platforms to follow later
African cellular tower specialist Eaton Towers has secured US$60m in debt financing from Standard Bank’s Stanbic Uganda unit and the International Finance Corp (IFC) to build and develop new and existing telecommunications towers in Uganda. The financing includes a
In the wake of criticism of government’s behaviour at Telkom’s recent annual general meeting, communications minister Dina Pule has moved to defend her move not to support the election or reelection of four nonexecutive directors. In a
Microsoft’s full Xbox Music service will be launched in SA within the next eight weeks, according to the company’s SA MD, Mteto Nyati. The software giant had been expected to launch Xbox Music – which offers consumers both streaming music and music downloads – in SA on Friday to
Fast-growing JSE-listed technology company Adapt IT has acquired SAP specialist Swicon360 for R10,4m in cash plus shares worth R1,3m. Swicon360, which was established 12 years ago, provides business process outsourcing services for the SAP ERP Human Capital Management
A new music streaming service, rara.com, was launched in SA earlier this week with little fanfare, despite the fact that SA consumers’ options are limited when it comes to such products. The service is competitively priced and stocked and now operates in 27 markets around the world
