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South Africa used a revenue windfall to cut corporate taxes to revive a coronavirus-ravaged economy and set more ambitious targets to reduce debt and fiscal deficits.

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Banking group Absa has earmarked 25% of the money it plans to spend on IT on innovation and new products, with the rest going to maintaining and improving existing systems. The bank spent R5bn last year on technology. Christo Vrey, managing executive

Competition played a role in Telkom’s decision to launch uncapped fixed-line broadband services on Friday. But the main reason it’s going uncapped is that it plans to launch video-on-demand (VOD) services within the next year. The move — Telkom is at