President Jacob Zuma’s office has refused to confirm or deny claims of an imminent cabinet reshuffle. The Sunday Times reported that Zuma was planning to restructure his cabinet after the ANC’s birthday
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South Africa moved closer to a junk credit rating after Fitch Ratings changed the outlook on its assessment to negative from stable and warned that continued political instability could result in a downgrade. The ratings for foreign currency
Cell C’s planned recapitalisation, in terms of which JSE-listed Blue Label Telecoms will acquire 45% of the mobile operator for R5,5bn, has hit turbulence. News wires, including Reuters, reported on Thursday
SABC group executive of corporate affairs Hlaudi Motsoeneng says he can change South Africa in six months. “In South Africa, realise one thing, there is only one Hlaudi, no one else. And realise, I can change South Africa within six
Amazon.com is in talks to acquire Dubai-based online retailer Souq.com for about $1bn (R14,2bn) in a deal that will give the e-commerce giant a footprint in the high-growth Middle East market, according
Kagiso Media is placing a big bet on electronic sports and competitive videogaming with the launch of Mega8 eSports, which will host regular tournaments and offer “ample” prize money to players. The gaming platform was acquired by
Mastercard’s Masterpass now claims to be the most widely accepted digital wallet in South Africa after concluding a deal to allow consumers to use its wallet at the more than 30 000 SnapScan merchants in South Africa. Mastercard and SnapScan
Nasdaq-listed global asset management firm Carlyle Group is acquiring a majority stake in South Africa’s CMC Networks, which provides managed connectivity solutions for telecommunications operators across Africa. Investec Equity Partners will
The South African Reserve Bank left borrowing costs unchanged for a fourth consecutive meeting as it projects the inflation rate will fall back to within its target and the economy is set to expand at the slowest pace since a recession six years ago. The central bank
Hlaudi Motsoeneng says he does not need to be chief operating officer of the SABC to keep on transforming the lives of black people. “Actually I don’t need that title to change South Africa,” said the SABC’s group executive