SA’s new stock exchanges in legal brawl

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When ZAR X settled its first trade in February this year, it was the first stock exchange transaction in South Africa to take place outside of the JSE in more than a century. With the Financial Services Board’s appeals board having dismissed

Icasa warns it will cancel telecoms licences

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Communications regulator Icasa warned on Wednesday that it is considering cancelling four licences issued to telecommunications companies because it has been unable to make contact with them. It said in a statement that it is “considering

Facebook tops 2bn users

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Facebook’s social network now has two billion monthly active users – about a quarter of the world’s population and more than half of the people on the Internet. It’s the first social network to connect that many people. Google’s YouTube

Blue Label to buy 3G Mobile for R1.9bn

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Blue Label Telecoms, the company that is in the throes of acquiring a significant minority stake in mobile operator Cell C, said on Tuesday that it plans to spend R1.9bn on a separate acquisition – of smartphone distributors 3G Mobile

MTN poaches communications chief from Telkom

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Mobile operator MTN South Africa has poached Telkom’s top communications executive. Jacqui O’Sullivan has resigned from the partially state-owned telecommunications provider, where she has served as managing executive

New cyberattack goes global

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A new cyberattack similar to WannaCry is spreading across Europe, hitting major companies from Rosneft in Moscow to AP Moller-Maersk in Copenhagen while disrupting government systems in Kiev. More than 80 companies in Russia and Ukraine

EU slaps Google with record €2.4bn fine

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Google lost its biggest regulatory battle yet, getting a record €2.4bn fine from European Union enforcers who say the search-engine giant skewed results in its favour to thwart smaller shopping search services. Google has 90 days to “stop its

Cell C names new CFO

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Tyrone Soondarjee is set to replace Robert Pasley as chief financial officer of mobile operator Cell C. Soondarjee, who will take over the company’s finance portfolio on 1 July, joins Cell C at a crucial