Global payments giant Visa is buying Cape Town-based Fundamo, a mobile payments company focused on emerging markets, for $110m in cash. Fundamo is privately held by a group of SA investors, including Sanlam, Remgro and HBD Venture Capital
Browsing: News
All the latest technology news from South Africa and around the world.
MultiChoice wants to use its DStv Mobile platform to extend television services into markets where people don’t subscribe to or can’t afford traditional pay-TV services. DStv Mobile, which uses the digital video broadcasting handheld standard to deliver
The GSMA, a cellular telecommunications industry association, says there will be more than 500m broadband connections worldwide using third-generation mobile high-speed packet access (HSPA) technology by the end of this month. Also, the first 1m connections
The Competition Tribunal on Wednesday morning approved Reunert’s acquisition of ECN Telecommunications without conditions. The Competition Commission earlier assessed the deal and concluded that it was unlikely to lead to a substantial lessening of
The Advertising Standards Authority (ASA) has dismissed Cell C’s appeal against a portion of a ruling handed down by its directorate on 6 October 2010 concerning various complaints about its use of the term “4Gs” in its advertising campaigns. Vodacom, MTN and
Vodacom has again taken exception to Cell C’s television advertising campaign, flighted in early April, in which it took the mickey out of its bigger rival’s decision to rebrand to the red corporate colours of its UK parent, Vodafone. At a hearing
Independent news website The Daily Maverick plans to launch what it’s calling SA’s first daily newspaper designed specifically for Apple’s iPad tablet computer. It’s a move that could add new spice to the country’s media landscape and put pressure on daily
Telkom has run into fresh trouble in attempts to sell the wireless arm of its troubled Nigerian subsidiary, Multi-Links, to that country’s Visafone. On Tuesday, a Nigerian high court found in favour of Helios Towers in a dispute over the validity of a site lease
He was once one of Bill Gates’s top lieutenants at Microsoft and was closely involved in the development of the client-server model of computing. Now Zimbabwean-born and SA-educated Paul Maritz, CEO of US cloud computing specialist VMware, says
Mustek has pulled the plug on a plan to delist from the JSE. A consortium led by CEO David Kan and the Trinitas Private Equity Fund had wanted to execute a management buy-out of the technology company and take it private. Kan says during the preparations