Amazon.com is in talks to acquire Dubai-based online retailer Souq.com for about $1bn (R14,2bn) in a deal that will give the e-commerce giant a footprint in the high-growth Middle East market, according
Deputy President Cyril Ramaphosa won the backing of South Africa’s biggest labour federation to succeed President Jacob Zuma as leader of the governing ANC. The decision by the Congress of South African Trade Unions
Kagiso Media is placing a big bet on electronic sports and competitive videogaming with the launch of Mega8 eSports, which will host regular tournaments and offer “ample” prize money to players. The gaming platform was acquired by
Mastercard’s Masterpass now claims to be the most widely accepted digital wallet in South Africa after concluding a deal to allow consumers to use its wallet at the more than 30 000 SnapScan merchants in South Africa. Mastercard and SnapScan
Nasdaq-listed global asset management firm Carlyle Group is acquiring a majority stake in South Africa’s CMC Networks, which provides managed connectivity solutions for telecommunications operators across Africa. Investec Equity Partners will
The South African Reserve Bank left borrowing costs unchanged for a fourth consecutive meeting as it projects the inflation rate will fall back to within its target and the economy is set to expand at the slowest pace since a recession six years ago. The central bank
Hlaudi Motsoeneng says he does not need to be chief operating officer of the SABC to keep on transforming the lives of black people. “Actually I don’t need that title to change South Africa,” said the SABC’s group executive
Social development minister Bathabile Dlamini could not provide answers on Wednesday about her department’s readiness to take over the social grants scheme. Dlamini and members of the South African Social Security Agency
The South African Social Security Agency received a roasting by parliament’s standing committee on public accounts (Scopa) on Wednesday over R1,1bn in irregular expenditure in 2015/2016. Hawks head Berning Ntlemeza was in attendance
One of the biggest problems with identifying cybersecurity breaches is knowing that they happened at all. Too often, attackers breach companies’ defences and remain undetected until it’s too