Ten years after it launched its first mobile offering in the form of 8ta, Telkom has surpassed Cell C to become South Africa’s third largest mobile operator by subscriber numbers.
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The JSE has publicly censured Ayo Technology Solutions and imposed a R6.5-million fine on the controversial technology group after it published a series of “false and misleading” financial statements.
Communications minister Stella Ndabeni-Abrahams has relented in her fight with parliament over Icasa and has appointed a sixth councillor, Kgosie Matthews, to the communications regulator.
Cell C’s largest shareholder, Blue Label Telecoms, is confident a recapitalisation of the mobile operator will be completed in the coming months and that this will put it on a new growth trajectory.
Lombard Insurance Company suffered a data breach through a cyberattack last month, according to several statements published on its website.
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.
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.