Chinese technology giant Huawei has announced plans for a next-generation smartphone that will use its own technology instead of US components, manoeuvring to gain a competitive edge and sidestep complaints it is a security risk.

Vodacom Group fell the most in more than two months after it reported falling sales in South Africa, where a slower than expected economic recovery dampened consumer spending.

The Public Investment Corp breached policy when it agreed to invest in a local technology company before the deal had received the necessary approvals.

MTN Group on Wednesday confirmed reports that three senior managers have been arrested and deported by the Ugandan government.

First National Bank is introducing consumer and merchant QR code payments to its banking app. The bank is using Masterpass, Mastercard’s digital payment service, to offer the functionality.

South Africa’s inflation rate reached the mid-point of the central bank’s target range of 3-6% in December — something the Reserve Bank says would allow for flexibility in dealing with price shocks.