South Africa used a revenue windfall to cut corporate taxes to revive a coronavirus-ravaged economy and set more ambitious targets to reduce debt and fiscal deficits.
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Alviva Holdings’ headline earnings per share will more than double in the six-month period ended 31 December 2021, with all division delivering.
Eskom is considering selling distribution assets as prospects of the government taking over about half of its R392-billion obligations dim, sources said.
Investec is seeking to more than double its private client base in the next three to four years, outpacing growth in a moribund economy.
MultiChoice Group is moving to end the practice of password sharing on its DStv Now streaming service.
South African-founded chat commerce specialist Clickatell, which is now headquartered in California, has secured R1.4-billion in a series-C funding round.
The Gauteng government and the University of Johannesburg will launch the Gauteng E-Waste Management System to tackle the province’s mounting electronic waste problem.
Naspers Foundry said on Tuesday that it will invest R15-million in Cape Town-based Floatplays, an “on-demand earned wage access platform”.
Icasa has vetted and approved all six companies that bid to take part in next month’s radio frequency spectrum auction for mobile broadband services.
Tencent denied talk that it’s facing a major regulatory crackdown in China, issuing an unusually aggressive public response. Shares in Naspers still tanked.