169 South Africa is struggling to crack down on online gambling, with only 39 arrests being made in the past five financial years. This is according to police minister Senzo Mchunu, who…
Category: Business
South Africa loosens media ownership rules – but keeps one hand on the remote
215 South Africa’s proposed changes to foreign ownership restrictions on local broadcasters do not go far enough to remove the “red tape” that inhibits foreign direct investment in the country’s broadcasting sector,…
Prominent South African financial companies dragged into Internet controversy – MyBroadband
218 Standard Bank, Momentum Metropolitan, and two South African universities found themselves entangled in a heated controversy over the governance of Africa’s Internet infrastructure. Special elections for the African Network Information Centre…
The evaporating MTI pot of funds
189 Of the R1.1bn in bitcoin recovered by the joint liquidators in 2021, only R550m remained by December 2024. While thousands of investors in Mirror Trading International (MTI) around the world are…
How higher certificates can unlock real world business wins
201 picture: pexels This year, the oldest members of Gen Z have been in the workforce for about 8 to 10 years. They are now the most significant portion of early-to-mid-career professionals,…
Takealot.com and Mr D report R2.5 billion revenue growth – MyBroadband
348 Naspers has released its results for the financial year ended 31 March 2025, revealing that the Takealot group’s revenue grew by over R2.5 billion to reach nearly R15 billion, representing a…
The real cost of a cashless economy
177 Remember the time when cash notes and clunky coins filled your wallet? Today, your wallet’s bill compartment and coin pockets are probably much emptier, while its card slots are overflowing with…
Well-known South African e-commerce company shuts its doors
361 South African accommodation booking platform Afristay has confirmed that it closed its business operations in early 2025. Afristay director Rupert Bryant told MyBroadband that the company had significantly decreased in size…
Larry Ellison, 80, is now world’s second richest person
214 Oracle chairman Larry Ellison Larry Ellison is the world’s second-wealthiest person for the first time ever, as a red-hot rally in Oracle’s share price has catapulted his net worth to US$251.2-billion….
Criminal case in Internet fight
385 The Internet Service Providers’ Association (ISPA) has opened a criminal case with Mauritian police following alleged fraud in the election of the Afrinic board of directors. Special elections for the African…