Vinny Lingham, the South African entrepreneur behind online gift card service Gyft, has hit pay dirt. Lingham has agreed to sell the company, which is based in San Francisco, to First Data, a big player in the payment technology space, for a rumoured figure of more than US$54m
JSE-listed retail group Mr Price has become the first South African retailer to launch a mobile virtual network operator (MVNO), TechCentral can reveal. It’s only the second company in the country to launch an MVNO after Virgin Mobile. Mr Price says it’s not keen to talk yet about its strategy behind its MVNO, called MRP Mobile
The disciplinary hearing involving suspended Telkom chief financial officer, Jacques Schindehütte will resume on 6 August 2014. The company said in a statement that this follows a long adjournment agreed to by both parties
The number of physical robberies on banks has fallen dramatically in recent years, but the amount of money banks are losing through electronic methods has rocketed. In 2013, for example, the annual fraud indicator estimated
Free Wi-Fi pioneer and non-profit Project Isizwe has launched the second phase of its wireless Internet access project in the Pretoria area, rolling out 213 new “Free Internet Zones” to schools in Mamelodi, Atteridgeville and Soshanguve
Facebook’s Instagram has launched a new one-to-one visual messaging application for iOS and Android called Bolt – and it’s launched the product first in South Africa, New Zealand and Singapore. The Bolt app, which appears to be a response to the wildly popular Snapchat, lets users “capture and send photos and videos to friends with just
Consumers will see an additional electricity price hike next year after energy regulator Nersa announced on Thursday it had approved the regulatory clearing account for Eskom. “The National Energy Regulator of South Africa
French telecommunications giant Orange plans to launch its own-branded retail stores in South Africa before the end of the year and intends launching an Internet service provider business here, too. Until now, Orange has had a retail presence through Nashua Mobile outlets, but the future of this partnership was thrown into doubt earlier this year when
In the past few months, South Africans have been introduced to a range of new mobile payment systems that turn ordinary smartphones into digital wallets, allowing people to pay for goods and services without cash or cards
Eskom warned that load shedding may worsen this winter as the power utility battles with electricity outages caused by problems with its ageing infrastructure. Speaking at a joint meeting of parliament’s portfolio committees on energy and public enterprises
