Zimbabwe’s police have accused Econet Wireless, the country’s dominant mobile phone company, of money laundering, demanded a list of its subscribers and issued a search warrant against it. Click here to discuss this article.

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Zimbabwe accuses Econet of money laundering

Teraco Data Environments plans to invest R4-billion in Africa to meet rising demand for data as the continent’s governments battle the coronavirus.

Continue Reading Teraco earmarks R4-billion for data centre expansion

Teraco earmarks R4-billion for data centre expansion

Africa Data Centres is acquiring Standard Bank’s giant data centre facility in Samrand, north of Johannesburg, for an undisclosed sum. The transaction is subject to the approval of the competition authorities.

Continue Reading Africa Data Centres buys huge Standard Bank DC facility

Africa Data Centres buys huge Standard Bank DC facility

South Africa’s Mergence plans global expansion with fintech buy

South Africa’s Mergence Group has bought a 26% stake in local customer reward start-up 2Engage as part of global expansion plans targeting retail consumers.

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South Africa’s Mergence plans global expansion with fintech buy

FNB explains why it’s closing crypto-exchange bank accounts

First National Bank provided more insight on Wednesday into why it has given notice to cryptocurrency trading platforms in South Africa that it will shut their bank accounts.

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Continue Reading FNB explains why it’s closing crypto-exchange bank accounts

FNB explains why it’s closing crypto-exchange bank accounts

Rate cut may be next as inflation slows dramatically

South Africa’s annual inflation rate dropped more than forecast to the lowest in almost nine years in October, providing some room for the central bank to ease policy.

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Continue Reading Rate cut may be next as inflation slows dramatically

Rate cut may be next as inflation slows dramatically

Icasa to probe Cell C, MTN deal

Communications regulator Icasa said on Tuesday that it will probe the just-signed expanded roaming agreement between MTN South Africa and Cell C.

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Icasa to probe Cell C, MTN deal

Bondholders not convinced De Ruyter is best pick for Eskom CEO

Bond investors aren’t showing much faith in Eskom’s new boss, with yields on the company’s 2021 dollar bonds jumping the most in more than three months after the appointment of André de Ruyter.

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Continue Reading Bondholders not convinced De Ruyter is best pick for Eskom CEO

Bondholders not convinced De Ruyter is best pick for Eskom CEO

Takealot expects 80% leap in Black Friday sales

Takealot expects Black Friday sales to rise by about 80% to R352-million this year. The online retail group sees the last Friday of November as a key driver and measure of its growth in South Africa.

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Continue Reading Takealot expects 80% leap in Black Friday sales

Takealot expects 80% leap in Black Friday sales

Telkom rubbishes talk of hostile bid for Cell C

Telkom on Tuesday rubbished talk among some JSE traders that it is planning a hostile bid for Cell C.

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Continue Reading Telkom rubbishes talk of hostile bid for Cell C

Telkom rubbishes talk of hostile bid for Cell C

Andre de Ruyter: The man tasked with saving Eskom

After months of speculation and delays, South Africa named Andre de Ruyter as CEO of its debt-crippled state power utility, surprising investors with an unexpected choice and angering a key union.

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Andre de Ruyter: The man tasked with saving Eskom

More pain in store for bitcoin as it falls for third week

The largest cryptocurrency’s slide snowballed on Monday, with the price dropping as much as 5% to test the key $8 000 level, which it hasn’t breached since the end of October.

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Continue Reading More pain in store for bitcoin as it falls for third week

More pain in store for bitcoin as it falls for third week

Andre de Ruyter is surprise choice to lead Eskom

Andre de Ruyter has been appointed as CEO of Eskom, the debt-strapped utility that provides about 95% of the nation’s electricity and poses the biggest threat to its economy.

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Continue Reading Andre de Ruyter is surprise choice to lead Eskom

Andre de Ruyter is surprise choice to lead Eskom

Telkom reacts to Cell C, MTN deal

Telkom said that it expects that the “parties involved” will have considered the newly announced, much-expanded roaming agreement between Cell C and MTN South Africa “in the context of the discussions with Telkom”.

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Telkom reacts to Cell C, MTN deal

Huge Group partners with MTN following Cell C dispute

JSE-listed telecommunications specialist Huge Group said on Monday that it has partnered with MTN South Africa to provide additional GSM voice services to its subsidiary companies.

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Huge Group partners with MTN following Cell C dispute

Telkom shares tumble as Cell C, MTN cosy up

The share price of Telkom tumbled on Monday morning while Blue Label Telecoms rose after MTN South Africa and Cell C announced they had signed a massively expanded roaming deal.

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Continue Reading Telkom shares tumble as Cell C, MTN cosy up

Telkom shares tumble as Cell C, MTN cosy up

MTN, Cell C deal ‘meets regulatory requirements’

Cell C’s expanded roaming agreement with MTN South Africa, which was signed at the weekend, “adheres to all applicable legal and regulatory requirements”, the companies said.

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MTN, Cell C deal ‘meets regulatory requirements’

MTN, Cell C ink new roaming deal

MTN South Africa and Cell C have signed a comprehensive new roaming deal, potentially making it more complicated for Telkom to pursue an acquisition of Cell C.

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Continue Reading MTN, Cell C ink new roaming deal

MTN, Cell C ink new roaming deal

Orange starts work toward IPO of its Africa business

Orange, France’s dominant phone company, is starting preparations for a potential initial public offering of its Africa and Middle East unit, people familiar with the matter said.

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Continue Reading Orange starts work toward IPO of its Africa business

Orange starts work toward IPO of its Africa business

Jack Ma sees huge e-commerce opportunity in Africa

Jack Ma, the co-founder of Alibaba Group, said African entrepreneurs will find countless opportunities in e-commerce, logistics and e-payments as the continent prepares for the start of a free-trade deal.

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Continue Reading Jack Ma sees huge e-commerce opportunity in Africa

Jack Ma sees huge e-commerce opportunity in Africa

Telkom confirms it’s pursuing Cell C

Telkom on Friday confirmed what everyone already knows: that it is pursuing an acquisition of the financially troubled mobile operator Cell C.

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Continue Reading Telkom confirms it’s pursuing Cell C

Telkom confirms it’s pursuing Cell C

SAA to ground nearly all flights from Friday

South African Airways has cancelled nearly all its flights scheduled for Friday, 15 November and Saturday, 16 November.

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Continue Reading SAA to ground nearly all flights from Friday

SAA to ground nearly all flights from Friday

Iconic Motorola Razr is back, now as a foldable smartphone

Motorola is rebooting the iconic Razr flip phone as a 6.2-inch smartphone with a foldable display that gives the Lenovo-owned brand a unique selling point against Apple and Samsung’s finest.

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Continue Reading Iconic Motorola Razr is back, now as a foldable smartphone

Iconic Motorola Razr is back, now as a foldable smartphone

Cell C rescue deal must comply with the rules: Icasa

Communications regulator Icasa on Wednesday moved to caution those involved in various efforts to rescue mobile operator Cell C that any deal must meet “regulatory compliance requirements”.

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Continue Reading Cell C rescue deal must comply with the rules: Icasa

Cell C rescue deal must comply with the rules: Icasa

Vast Networks liquidation: ‘No one wanted to sign on the dotted line’

MultiChoice Group and Dimension Data decided to liquidate Vast Networks, South Africa’s largest public Wi-Fi hotspot provider, after several attempts to sell the business fell through.

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Vast Networks liquidation: ‘No one wanted to sign on the dotted line’

Big profit miss at Tencent sends Naspers, Prosus tumbling

Tencent posted quarterly earnings that missed the lowest analyst’s estimate after a weakening economy hurt advertisement revenue.

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Continue Reading Big profit miss at Tencent sends Naspers, Prosus tumbling

Big profit miss at Tencent sends Naspers, Prosus tumbling

Telkom CEO blasts Icasa’s 5G licensing proposal

Telkom CEO Sipho Maseko said communications regulator Icasa is making a grave mistake in the way it proposes to license access to the 5G-suitable 3.5GHz radio frequency spectrum band.

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Continue Reading Telkom CEO blasts Icasa’s 5G licensing proposal

Telkom CEO blasts Icasa’s 5G licensing proposal

Post Office to retrench workers as jobs axe swings at SOEs

The Post Office is cutting several hundred jobs, the second state-owned company in as many days to detail plans to lay off workers as the government looks to slash its wage bill.

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Post Office to retrench workers as jobs axe swings at SOEs

Google Chrome considering badge to shame websites that load slowly

Google could soon call out websites that load slowly by displaying a badge of shame in its Chrome Web browser.

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Continue Reading Google Chrome considering badge to shame websites that load slowly

Google Chrome considering badge to shame websites that load slowly

Apple to launch MacBook Pro with bigger screen, new keyboard

Apple plans to debut a new MacBook Pro laptop with a larger screen and revamped keyboard as soon as Wednesday, according to people familiar with the situation.

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Apple to launch MacBook Pro with bigger screen, new keyboard

Michael Jordaan’s Bank Zero readies for launch

Bank Zero, the digital bank backed by former First National Bank CEO Michael Jordaan, is on track to launch in the first half of next year and is promising innovations to stamp out card fraud.

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Michael Jordaan’s Bank Zero readies for launch

Cell C talks up ‘constructive discussions’ on recapitalisation

As speculation swirls that Telkom has a made a third approach to Cell C about a potential acquisition, the financially distressed mobile operator on Tuesday said it is making progress on a planned recapitalisation.

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Cell C talks up ‘constructive discussions’ on recapitalisation

Sentech is back in the broadband business

The company, used the AfricaCom conference currently take place in Cape Town to announce the new offering, called Sentech Connect, which is aimed at government users.

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Continue Reading Sentech is back in the broadband business

Sentech is back in the broadband business

Telkom sets date for 2G network switch-off

Telkom will terminate 2G services in March 2020, CEO Sipho Maseko said in an interview with TechCentral on Tuesday. It will be the first national operator in South Africa to do so.

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Continue Reading Telkom sets date for 2G network switch-off

Telkom sets date for 2G network switch-off

Eskom left in limbo as government stalls on new CEO

While the government pledged to name a new head of Eskom by the end of October, it’s missed repeated deadlines to act, evidence of how politically fraught the process has been.

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Eskom left in limbo as government stalls on new CEO

Why Telkom is back at Cell C’s door

Telkom wants to buy Cell C in a plan that will include reducing its troubled rival’s debt and renegotiating contracts with suppliers, according to people with knowledge of the situation.

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Continue Reading Why Telkom is back at Cell C’s door

Why Telkom is back at Cell C’s door

Imtiaz Patel to relinquish executive MultiChoice role

Long-serving MultiChoice Group director Imtiaz Patel will relinquish his executive duties in September 2020, the pay-television broadcaster said on Tuesday.

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Continue Reading Imtiaz Patel to relinquish executive MultiChoice role

Imtiaz Patel to relinquish executive MultiChoice role

Telkom poised to make a move on Cell C?

Telkom issued a cautionary notice to shareholders on Tuesday saying it is in discussions in relation to a possible acquisition – and the most likely target is Cell C.

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Continue Reading Telkom poised to make a move on Cell C?

Telkom poised to make a move on Cell C?

Fixed-line bloodbath at Telkom

Though Telkom continues to invest in fibre-to-the-home broadband, the number of fixed lines in service fell by almost a quarter year on year in the six months to end-September 2019.

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Fixed-line bloodbath at Telkom

Telkom capex skyrockets as mobile base jumps 75%

Telkom’s spending on its mobile network has skyrocketed – with capital expenditure well above guidance – as it invests big money to ensure its network can keep pace with rapidly growing demand.

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Continue Reading Telkom capex skyrockets as mobile base jumps 75%

Telkom capex skyrockets as mobile base jumps 75%

DStv rakes in subscribers, but they’re spending less on average

MultiChoice Group’s average revenue per user has fallen by 5% in South Africa as consumers continue to flock to lower-priced bouquets.

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Continue Reading DStv rakes in subscribers, but they’re spending less on average

DStv rakes in subscribers, but they’re spending less on average

OLX to invest up to R6-billion in used-car start-up

OLX Group, the Internet classifieds business in the Prosus stable, said on Monday that it will increase its ownership in online car marketplace Frontier Car Group.

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Continue Reading OLX to invest up to R6-billion in used-car start-up

OLX to invest up to R6-billion in used-car start-up

Vodacom South Africa capex jumps 18%

Vodacom spent almost R4.8-billion on expanding and improving its network in South Africa in the six months to 30 September 2018, an 18.2% jump from the same period a year ago.

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Continue Reading Vodacom South Africa capex jumps 18%

Vodacom South Africa capex jumps 18%

Load shedding could strike at any time this week, Eskom warns

Eskom has warned that the supply of electricity remains constrained, with a probability of load shedding all week.

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Continue Reading Load shedding could strike at any time this week, Eskom warns

Load shedding could strike at any time this week, Eskom warns

Amazon Web Services to invest R365-million in black ICT firms

Amazon Web Services plans to invest more than R365-million in developing 100% black-owned small ICT businesses in South Africa as part of an “equity equivalence” programme.

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Continue Reading Amazon Web Services to invest R365-million in black ICT firms

Amazon Web Services to invest R365-million in black ICT firms

FNB’s zero-fee business account looks to upend market

First National Bank’s new First Business Zero Account, with no monthly fees, has made competitors sit up and take notice.

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Continue Reading FNB’s zero-fee business account looks to upend market

FNB’s zero-fee business account looks to upend market

Vodacom bolstered by data demand, international growth

Vodacom Group eked out a 1.2% improvement in normalised operating profit for the six months ended 30 September 2019 on the back of 2.5% growth in both normalised revenue and service revenue.

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Continue Reading Vodacom bolstered by data demand, international growth

Vodacom bolstered by data demand, international growth

France may offer financial lifeline to Eskom

France is weighing providing financial support to South Africa’s indebted utility Eskom, according to a newspaper report at the weekend.

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Continue Reading France may offer financial lifeline to Eskom

France may offer financial lifeline to Eskom

Bitcoin plunge risks erasing Xi-inspired rally

Bitcoin’s push back below $9 000 has a key technical indicator suggesting the cryptocurrency risks entering a selling trend.

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Continue Reading Bitcoin plunge risks erasing Xi-inspired rally

Bitcoin plunge risks erasing Xi-inspired rally

Fake rhino horn ‘could help conservation efforts’

Scientists have invented a way to create fake rhino horn using horse hair, hoping it will provide a blueprint for flooding the market with credible fakes.

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Fake rhino horn ‘could help conservation efforts’