South Africa’s benchmark equities index is set to erase its 2020 drop, staging a spectacular snap-back from its March trough following a surge in shares of market heavyweight Naspers.
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VALR.com has raised R57-million to help fund further expansion, with proceeds from the capital raise to be used to explore new products for the South African market.
The high court in Pretoria has overturned a controversial 2019 decision by former trade & industry minister Rob Davies that gave Telkom privileged black economic empowerment status by the government.
Four years after pulling the plug on its M-Pesa platform in South Africa, Vodacom is having another go at fintech and mobile payments in its biggest market, this time in partnership with Chinese’s Ant Financial.
Econet Wireless on Monday sought a court order to suspend a police warrant seeking information on its transactions because this would violate the privacy of the company and millions of its subscribers.
The CEO of South Africa’s beleaguered state-owned defence firm, Denel, will step down on 15 August, the company said on Monday.
Bolt, the company formerly known as Taxify, has launched a lower-cost ride-hailing service that it claims is the cheapest in South Africa.
While the number of new Covid-19 cases is stabilising in the Western Cape and the Eastern Cape, KwaZulu-Natal is expected to join Gauteng as the country’s epicentre, health minister Zweli Mkhize warned on Monday.
Samsung Electronics is preparing to unveil a slate of new mobile devices at a virtual Galaxy Unpacked event on 5 August, when it will elaborate on its shifting strategy to adapt to the Covid-19 pandemic.
South Africa is considering an independent board for its ailing national airline, with a shareholder structure similar to that of part state-owned telecoms firm Telkom, a senior government minister said.