A new subsea broadband cable project, led by Angola, is set to provide a flood of international Internet bandwidth to countries on the west coast of Africa, including South Africa, when it goes live in mid-2018. The South Atlantic

With six weeks to go to before the end of the 2016 tax season, the South African Revenue Service has received over 4m tax returns. “Sars has already received 4 166 243 individual income tax returns. This figure also includes 1 217 428 returns received

President Jacob Zuma has received and accepted the resignation of Leah Thabisile Khumalo as a member and deputy chair of the board of the SABC with immediate effect. The president thanked Khumalo for her contribution

Time Warner has agreed to be acquired by AT&T in a stock and cash transaction that values the entertainment conglomerate at US$86bn, according to a person familiar with the negotiations. Investors will get up to $110/share

South Africa’s largest banks backed finance minster Pravin Gordhan’s stance that he has no power to stop them from closing the accounts of a company controlled by friends of President Jacob Zuma. FirstRand, Standard Bank, Barclays

MTN Group, responding in detail to allegations that the wireless carrier illegally moved more than US$14bn out of Nigeria, said central bank approvals were obtained before any dividends were issued. “No dividends were declared