Ten years after it launched its first mobile offering in the form of 8ta, Telkom has surpassed Cell C to become South Africa’s third largest mobile operator by subscriber numbers.

The JSE has publicly censured Ayo Technology Solutions and imposed a R6.5-million fine on the controversial technology group after it published a series of “false and misleading” financial statements.

Communications minister Stella Ndabeni-Abrahams has relented in her fight with parliament over Icasa and has appointed a sixth councillor, Kgosie Matthews, to the communications regulator.

Cell C’s largest shareholder, Blue Label Telecoms, is confident a recapitalisation of the mobile operator will be completed in the coming months and that this will put it on a new growth trajectory.

Lombard Insurance Company suffered a data breach through a cyberattack last month, according to several statements published on its website.

Massmart said on Thursday its first-half headline loss widened to R1.1-billion, as sales at its stores fell due to Covid-19 restrictions. E-commerce, on the other hand, blossomed through the lockdown.

Walmart said it was joining Microsoft in a bid for social media company TikTok’s US assets, revealing its plans hours after CEO Kevin Mayer said he would step down.

A R32-billion infrastructure fund owned by Old Mutual said South Africa should start with power as it embarks on a R2.3-trillion drive to lure private investment into infrastructure over the next decade.

For at least two years, I’ve been calling out Xiaomi for pretending be an Internet player when it really just makes smartphones. It took a global pandemic for the Chinese company to finally realise its vision, sort of.

TikTok CEO Kevin Mayer has left the company, less than three months after he joined the hit short-video app, and US GM Vanessa Pappas will replace him on an interim basis.