Shareholders in telecommunications company Vox, including Rand Merchant Bank, have agreed to buy out fellow investor Investec as part of a R2-billion recapitalisation of the company.

Communications minister Stella Ndabeni-Abrahams has criticised national treasury’s discussion document on growing South Africa’s economy, suggesting the document’s chapter on telecommunications is outdated.

South Africa should quicken the process of spinning off one of Eskom’s units as a first step toward overhauling its operating structure, according to two people familiar with the options being presented to the government.

Nedbank has partnered with Microsoft to migrate components of its IT infrastructure into the cloud, the financial services company said on Monday.

Huawei has confirmed it will unveil its next flagship smartphone later this month, despite suggestions from Google that it will not be able to use its apps and services on the new device.

Shareholders in MultiChoice, which was unbundled from Naspers on 4 March, rejected the group’s executive pay at Thursday’s AGM.

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South African manufacturing industry sentiment slid back into contraction in August, signalling the surprising recovery in July was unsustainable.

Telkom CEO Sipho Maseko has launched an extraordinary attack on national treasury’s discussion paper aimed at growing South Africa’s economy, accusing the department of tossing a grenade into the telecommunications sector.

Zimbabweans are relying on Tesla to help them pay their bills. Amid power outages of as long as 18 hours a day, Econet Wireless is turning to the Palo Alto, California-based automaker for batteries that can keep its base stations running.