Naspers-controlled Takealot group reported revenue growth of 55% in the last financial year despite a ban on unfettered e-commerce during the height of the hard lockdown in 2020.
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Last week’s announcement by Sekunjalo’s African Equity Empowerment Investments that BT Group was not entitled to claim back the 30% stake in BT South Africa held by AEEI was a little puzzling.
Prosus said its e-commerce business grew revenues and shrank trading losses for the year that ended 31 March, even as its overall profit continued to be dominated by its investment in Chinese technology giant Tencent.
Naspers reported a 24% rise in profit for the year that ended 31 March, boosted primarily by the performance of its investment in China’s Tencent Holdings, the company said on Monday.
The SABC has hit out at MultiChoice – and its SuperSport subsidiary – for imposing conditions not acceptable to the public broadcaster for the upcoming British and Irish Lions tour.
Vodacom Group has awarded its CEO, Shameel Joosub, more than R44-million worth of share options, which will vest in three years provided they are not forfeited and performance conditions are met.
Constant power disruptions and the spiralling cost of electricity have pushed Mediclinic to start generating its own electricity.
Fibre-to-the-home operator Octotel, which was recently acquired by emerging markets investment firm Actis, is boosting customer line speeds at no cost, it said on Friday.
A floating gas-turbine generator meant to alleviate South Africa’s crippling power cuts has run into objections by oyster farmers and small-scale fishermen.
Turnover at the entertainment chain peaked in the year to 31 August 2010 at R952-million. It closed all remaining stores at the end last month, after announcing the decision in January.