South Africa’s rand lived up to its reputation as a proxy for risk sentiment, plunging by the most since 2008 against the dollar and falling to a record against the yen as investors piled into haven assets after the UK voted to
The South African Reserve Bank said the way the country’s welfare grants are paid out may have resulted in Net1 UEPS Technologies having a conflict of interest as the company has the contract to make the payments and
Bitcoin was one of the few winners out of the UK’s vote to leave the European Union, surging by as much as 13% as the decision fuelled demand for alternative assets. The digital currency jumped by 11% to US$681,68 as of 1.45pm
The UK voted to quit the European Union after more than four decades in a stunning rejection of the continent’s postwar political and economic order, sending shock waves around global markets. The pound plunged to
Are you aware of a fund at national treasury that could hold US$9,5m of money owed to you? Neither is treasury. They are aware, however, of an apparent 419 scam that is once again doing the rounds in finance
Just two years after acquiring a controlling stake in the company, MTN South Africa has announced it will dispose of its 50,02% stake in Afrihost to the Internet service provider’s management team. MTN acquired the stake
Communications minister Faith Muthambi’s spokesman, Mish Molakeng, has confirmed that government on Wednesday lodged papers at the constitutional court to challenge the supreme court of appeal’s judgment over
Communications minister Faith Muthambi has moved to appeal a high court ruling that upheld that SABC chief operating officer Hlaudi Motsoeneng’s appointment was irrational. On 23 May, Western Cape high court judge Dennis
BlackBerry posted sales that fell short of analysts’ estimates as shrinking smartphone sales and an inventory writedown overshadowed a boost in software revenue. Fiscal first quarter earnings per share, excluding some items, broke
The department of communications is confident of winning its constitutional court appeal against encryption of set-top boxes. The supreme court of appeal ruled recently that the decision by communications minister