The International Finance Corporation, which forms part of the World Bank Group, and related funds managed by the IFC Asset Management Company are buying a 18% stake in South Africa- and US-listed technology group Net1 for US$107,7m (about R1,6bn). IFC has agreed to
The South African Police Service has warned against a cellphone scam in which users receive a text message saying a case has been opened against them by the police. According to spokesman Hangwani Mulaudzi, people
The Gauteng ANC’s provincial executive committee has resolved that President Jacob Zuma should step down, a source has told News24. The PEC met on Tuesday where the decision was taken. This has not been officially confirmed by the party in the province, but a
Google and partner Livity Africa have revealed a programme to train a million young Africans in digital skills in the next 12 months. The companies intend to provide training to
Roads agency Sanral on Tuesday tore strips off the Organisation Undoing Tax Abuse, accusing the lobby group of making statements and claims that are both defamatory and actionable
South Africa’s consumer confidence remains depressed as the economy remains in the grip of “stagflation”, the latest FNB/BER Consumer Confidence Index revealed on Tuesday
Technology stocks, which outperformed the market in 2015, have had a wobble in 2016, forcing many investors to question whether the high-flying tech sector is facing an implosion of the sort
Open-access fibre telecommunications infrastructure provider DFA (Dark Fibre Africa) has acquired a “significant minority stake” in fibre-to-the-home specialist SA Digital Villages for an undisclosed sum. The transaction will see
The City of Cape Town is rolling out fibre broadband access to all buildings in the central business district as part of its investment into a municipal broadband network project. The city announced on Tuesday that it had connected an additional
Fibre broadband infrastructure provider Metrofibre Networx has reached an agreement with Link Africa that will see it replace all of the links for its core network with its own fibre over the next two years. Until now, the company has leased the fibre links for its core
