After Checkers pioneered the introduction of Black Friday - the US shopping day after Thanksgiving – in South Africa in 2014, we’ve seen other retailers steadily adopt the sales “event”. This year, however, practically every retail chain in the country
Cell C’s planned recapitalisation, in terms of which JSE-listed Blue Label Telecoms will acquire 45% of the mobile operator for R5,5bn, has hit turbulence. News wires, including Reuters, reported on Thursday
SABC group executive of corporate affairs Hlaudi Motsoeneng says he can change South Africa in six months. “In South Africa, realise one thing, there is only one Hlaudi, no one else. And realise, I can change South Africa within six
Streaming video is the future of television, but it’s not necessarily a better business model than traditional, satellite-based pay TV. That’s the view of DStv Digital Media head Graeme Cumming
Amazon.com is in talks to acquire Dubai-based online retailer Souq.com for about $1bn (R14,2bn) in a deal that will give the e-commerce giant a footprint in the high-growth Middle East market, according
Deputy President Cyril Ramaphosa won the backing of South Africa’s biggest labour federation to succeed President Jacob Zuma as leader of the governing ANC. The decision by the Congress of South African Trade Unions
Kagiso Media is placing a big bet on electronic sports and competitive videogaming with the launch of Mega8 eSports, which will host regular tournaments and offer “ample” prize money to players. The gaming platform was acquired by
Mastercard’s Masterpass now claims to be the most widely accepted digital wallet in South Africa after concluding a deal to allow consumers to use its wallet at the more than 30 000 SnapScan merchants in South Africa. Mastercard and SnapScan
Nasdaq-listed global asset management firm Carlyle Group is acquiring a majority stake in South Africa’s CMC Networks, which provides managed connectivity solutions for telecommunications operators across Africa. Investec Equity Partners will
The South African Reserve Bank left borrowing costs unchanged for a fourth consecutive meeting as it projects the inflation rate will fall back to within its target and the economy is set to expand at the slowest pace since a recession six years ago. The central bank
