Former finance minister Pravin Gordhan has directly implicated Jacob Zuma in being part of an orchestrated campaign to loot billions of rand in taxpayer funds during his almost nine-year tenure as president.
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Telkom mobile users will in future roam on Vodacom’s network, not MTN’s, after the two cellular operators concluded a new, multibillion-rand roaming deal on Wednesday.
MTN Group’s fight with Nigerian authorities over $10-billion in repatriated funds and back taxes could increase risk in South Africa’s financial system depending on the outcome, the Reserve Bank said.
Mobile virtual network operators that piggyback on Cell C’s network will also get to take advantage of the cellular provider’s 4G/LTE roaming agreement with MTN South Africa.
Dimension Data Group CEO Jason Goodall has been named as the candidate for the role of CEO of Nippon Telegraph and Telephone Corp’s new global operating company.
Cell C has appointed Zafar Mahomed as its new chief financial officer. This follows the short tenure of the previous CFO, Tyrone Soondarjee, who resigned in May after less than a year in the role.
Bank Zero will be an app-driven bank, not an Internet bank, a digital bank or a virtual bank, and will not rely on physical branch infrastructure, according to chairman Michael Jordaan.
The Right2Know Campaign has filed a high court application against MTN, Cell C and Telkom to get the operators to hand over details of when and how often they accede to requests from law enforcement agencies.
South Africa’s state-owned power utility has started consultations about possible job cuts for executives as the cash-strapped company looks to rein in soaring costs despite stagnant electricity output.
Private equity investment firm Ethos has launched a new fund, targeting R1-billion, that will invest in artificial intelligence companies in South Africa.