Bitcoin is so close to making a new record and it could be because it’s taking market share from its smaller cousins. The largest cryptocurrency crossed US$4 500 on Monday and is now hovering right below the $5 000 line
Bank of Baroda is being investigated by South Africa’s central bank over money held for companies controlled by the politically connected Gupta family, according to a person familiar with the matter. The South African Reserve Bank’s probe
Comsol, a telecommunications company backed by Nedbank, the Industrial Development Corporation and Andile Ngcaba’s Convergence Partners, will launch the first fifth-generation network in South
Willem Roos, the founder and CEO of short-term insurer Outsurance, part of the Rand Merchant Investment Holdings stable, has resigned to join wireless broadband operator Rain. Roos will leave Outsurance at the end of
Amazon.com on Wednesday introduced a waterproof Kindle e-reader long-awaited by enthusiasts, the latest in a string of consumer devices from the online retail giant this year. The device, an updated version
Comsol, the telecommunications company that has built a national open-access wireless broadband network for businesses and which plans to launch South Africa’s first 5G network next month on a trial basis
Cell C is bringing online sports betting to its mobile subscribers in partnership with former Altech CEO Craig Venter’s betting start-up ClickaBet. The companies are launching a pilot in Cell C’s Gauteng stores, with ClickaBet-branded
Apple’s plan to challenge Netflix and Amazon.com in the TV business just got a little bit clearer. The maker of the iPhone and iPad plans to release a remake of Steven Spielberg’s science fiction anthology series Amazing Stories, according
Don’t count the rand out yet. Analysts at Rand Merchant Bank and ING Groep predict the South African currency, the second-worst emerging-market performer in the past month, will rebound against the dollar by year-end as the pull
Naspers should buy back its own shares to take advantage of the discount between Africa’s biggest company and its stake in Chinese Internet giant Tencent, according to veteran emerging markets investor