The commission’s “Competition in the Digital Economy” paper says that South Africa doesn’t set up a regulatory framework, it could soon find itself trying to govern companies that have amassed huge power.
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South Africa will allow municipalities to source their own power rather than buying electricity solely from the state-owned utility, potentially easing a dispute with its second biggest city, Cape Town.
President Cyril Ramaphosa on Thursday unveiled a plan to revive the economy, with job creation, increased infrastructure investment, enhanced energy security and more local manufacturing among its key tenets.
Telkom-owned IT services company BCX has initiated a section 189 process under the Labour Relations Act that will see further retrenchments at the company.
US fintech and Internet payments leader Stripe said on Thursday that it is acquiring Paystack, a Nigerian payments start-up, as it looks to grow its footprint across the African continent.
Uber Eats’ South African unit on Thursday expanded delivery offerings, launching an app-based over-the-counter medicines service as it seeks to gain market share in the fast-growing online shopping sector.
South Africa’s fifth mobile operator, Rain, has launched “unlimited 4G for phones”, offering uncapped on-device data for R379/month on a month-to-month contract.
Deal value in the cryptocurrency world surpassed the total from 2019 in the first six months of the year as tie-ups became less frequent but bigger, according to PwC.
Standard Bank Group is planning to scale up some of its operations and further digitise its systems to fend off fintech firms encroaching on its client base.
Telkom has approached the Competition Tribunal, seeking to have the spectrum arrangements between Vodacom and Rain declared a merger and therefore notifiable in terms of the Competition Act.