Naspers, the biggest investor in Chinese tech giant Tencent, is spinning off its main Internet businesses in Amsterdam in a push to boost its value.
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In a significant move aimed at unlocking shareholder value, Naspers announced on Monday that it will form a new global consumer Internet group that it plans to list in Europe.
African Bank Holdings is joining the rush into digital banking to fail-proof the business and provide an exit for shareholders that resurrected the South African lender from its collapsed former parent.
Finance minister Tito Mboweni said a discussion must begin on whether the government needs to retain control of all the assets it currently owns given the poor state of the national finances.
Keabetswe Modimoeng has been appointed as interim chair of communications regulator Icasa’s decision-making council following the axing last week of Rubben Mohlaloga.
Eskom said on Sunday evening that it is unlikely to implement rolling blackouts this week thanks to an improvement in plant performance.
A decision to stop a boiler-monitoring software contract worth R275-million between Eskom and Carab Technologies may have contributed to the rolling blackouts that are hobbling the nation, City Press reported.
Microsoft is making its Windows Defender antivirus available on Mac for the first time, as the company continues to focus on broadening its software beyond PC.
MTN Group’s South Sudan unit said it’s investing at least R430-million in revitalising and expanding its operations as a new deal to end a five-year civil war brings relative peace to much of the country.
Eskom has reduced the intensity of rotating power cuts on Friday – South Africa’s ninth straight day of scheduled blackouts – after imports from Mozambique were partially restored.