Two Gugulethu-based entrepreneurs who accused Nedbank of stealing their patented card-blocking invention have issued a new summons against the bank in the high court in Johannesburg.

Huawei retained its place as the world’s second largest smartphone maker in the second quarter, behind Samsung Electronics, despite the US government’s crackdown on the Chinese company, which began in May.

Three investment banks – Goldman Sachs, JPMorgan and Morgan Stanley – will be paid €7.2-million each for their roles as lead financial advisors in Naspers’s listing of Prosus in Amsterdam.

Mark Taylor will soon step down from the board of Reunert, where he serves as an executive director, ahead of his planned emigration from South Africa next year.

More than 52% of motorists believe there is nothing government can do to convince them to start paying their e-tolls on Gauteng Freeway Improvement Project roads, according to the AA.

Naspers said a newly created entity containing assets including a stake in Chinese internet giant Tencent Holdings will be valued at about $100-billion (R1.5-trillion).