197 South African investors poured R179-million in just two days into SpaceX when it hit the public markets last week, with EasyEquities data revealing a frenzy of activity that has already made…
Category: Business
Ekurhuleni accused of manipulating data to inflate electricity prices
190 The City of Ekurhuleni in Gauteng has allegedly inflated its 2024/25 electricity tariff application by at least R13 billion by manipulating supporting information submitted as part of the process, according to…
Lesaka pushes out Bank Zero deal deadline
174 Lesaka Technologies has extended the long-stop date for its R1.1-billion acquisition of Bank Zero by nearly six months, to 31 January 2027, as the dual-listed fintech waits on the last of…
The Pan African DataCentres event opens next week
213 The Pan African DataCentres Exhibition & Conference (PADC) returns to the Sandton Convention Centre in Johannesburg on 23 and 24 June, showcasing the infrastructure, technologies, expertise and ideas shaping the future…
Flagship broadband programme in South Africa stalled
184 Communications department director-general Nonkqubela Jordan-Dyani Government’s flagship broadband programme, SA Connect, was effectively frozen for most of the past financial year after funding the communications department had been counting on failed…
Why most cloud migrations inherit risk before they create value
172 A typical migration environment looks manageable on paper. An established organisation, a predominantly on-premises setup, a directive to move to the cloud. What the scoping work usually reveals is something more…
Cape Town wants Transnet action after ‘world’s worst container port’ ranking
164 Despite improvements, the port’s poor performance against its global peers is hurting economic growth, says the city. The City of Cape Town has called on port manager Transnet to speed up…
Post Office moves to exit business rescue
200 The South African Post Office’s joint business rescue practitioners have asked the high court to end the entity’s business rescue, declaring the adopted plan substantially implemented nearly three years after the…
Prominent South African investor joins the board of SpaceX
200 Roelof Botha In a major corporate governance move following its blockbuster Wall Street debut, SpaceX has appointed prominent South African-born venture capitalist Roelof Botha to its board of directors. According to…
Exposed: The rot in Sanral’s procurement system
162 It appears to have contravened the PFMA by not advising National Treasury within the stipulated time about contract awards that deviate from normal bidding processes. The extent of the rot in…