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The rand has strengthened to a five-month high on expectations that the central bank will raise interest rates. Portfolio inflows also underpinned its rally.

World News

Vumatel, the company that recently won the project to deploy fibre-to-the-home broadband in Parkhurst in Johannesburg intends rolling out fibre to as many as 200 000 homes in the next three to four years at a cost of between R2bn and R3bn. The company, which is led by CEO Niel Schoeman

Last week, Vodafone, the world’s second largest mobile operator, made startling revelations about secret wiretaps that allow government agencies to listen into and record live telephone conversations. These revelations come a year after American whistleblower Edward Snowden revealed the extent of US and UK