Fast-expanding broadband fibre-to-the-home provider Vumatel has received the second and final tranche of R250m in funding from Vantage Capital, a mezzanine fund manager. Vantage Capital said on Friday that the funds will
MTN has dished out R5,2m worth of shares to the CEO of its South African unit, Mteto Nyati. In a statement to shareholders on Friday, MTN said it had provided Nyati with an “off-market award of shares” as part of its performance share plan
A former Vodacom executive, who was once also CEO of the SABC, has been named as a deputy CEO of Absa parent company Barclays Africa Group. Barclays Africa said in a statement to shareholders on Friday that
US regulators are investigating a fatal accident involving a Tesla Motors sedan that was driving on autopilot, drawing scrutiny to a key technology the electric-vehicle maker is betting on for the future of self-driving cars. The crash
Motorists driving past the SABC office in Sea Point hooted in support for around 100 picketing journalists, shouting: “Hlaudi must go!” Dressed mostly in black, they held up boards stating “Not in our name”, a comment on recent
Apple is in preliminary talks to buy Tidal, the streaming music service largely owned by musician Jay Z, the Wall Street Journal reported, citing unidentified people familiar with the discussions. The newspaper said the talks may not result
Internet giant Google is the most desirable employer globally, according to survey by more than 267 000 millennials. Universum’s Talent Survey asked business and engineering/IT students in the world’s 12 largest economies to choose their
The new, national broadband network to be built by telecommunications specialists Comsol will extend to more than 200 towns and cities across South Africa and will use the latest high-frequency wireless technologies to
Facebook increased the number of regular users in its three biggest African markets by 13% in the nine months through to end-March as the US social network intensified growth plans on the continent. The company added 4m account
The rand may extend its best monthly rally since March after South Africa’s approval of Anheuser-Busch InBev’s takeover of SABMiller was seen triggering foreign-exchange inflows and as international investors continue to