Massmart said on Thursday its first-half headline loss widened to R1.1-billion, as sales at its stores fell due to Covid-19 restrictions. E-commerce, on the other hand, blossomed through the lockdown.
Browsing: News
All the latest technology news from South Africa and around the world.
A R32-billion infrastructure fund owned by Old Mutual said South Africa should start with power as it embarks on a R2.3-trillion drive to lure private investment into infrastructure over the next decade.
Naspers-backed cryptocurrency platform Luno is expanding into Australia as bitcoin rallied 59% this year amid the coronavirus pandemic.
Credit bureau Experian said on Wednesday it is pursuing both criminal and civil charges against the perpetrator who walked off with the records of millions of South Africans after impersonating one of the company’s clients.
With South Africa’s biggest state utility in crisis, one of parliament’s most important financial oversight committees called an urgent online meeting with the company.
Apple is planning to add augmented reality content to its Apple TV+ streaming video service, seeking new ways to attract and retain subscribers and drive interest in AR technology.
Econet Wireless is imposing restrictions that limit the size and range of transactions on its mobile money platform to comply with an order from the Reserve Bank of Zimbabwe.
South Africa’s economy probably contracted by an annualised 40.1% in the second quarter, according to central bank forecasts.
Altron Group CEO Mteto Nyati launched a withering critique of the ANC government on Twitter at the weekend, saying the ruling party has “passed its sell-by date”.
Vodacom Group has a new chief financial officer. Raisibe Morathi will take on the role from 1 November, when she will also be appointed to the board as an executive director.