412 The protracted, multibillion-rand investment by Vodacom in Vumatel owner Maziv led an “unprecedented” legal challenge to the competition appeal court (CAC) at a hearing into the matter on Tuesday. The Competition…
Category: Business
Visa opens its first South African data centre
555 Multinational payment authorisation services giant Visa launched its first data centre in South Africa on Wednesday. Alongside the infrastructure investment, the company has pledged to invest a further R1-billion into its…
Competition Tribunal approves Canal+ and MultiChoice’s more than R50 billion deal
378 Canal+ already owns 45% of MultiChoice’s shares, and with this deal, it intends to buy the remaining shares for R125 per share, valuing the group at more than R50 billion. French…
Leadership shake-up at Rain – Conrad Leigh is new CEO
599 New Rain CEO Conrad Leigh Rain founder and CEO Brandon Leigh will step down from the role, while his brother Conrad Leigh will take the reins at the wireless internet network…
Outa concerned about new higher education minister
417 Outa keeps an eye on the department, having completed a report on corruption at NSFAS, and is now calling for action at Setas. Civil action organisation Organisation Undoing Tax Abuse (Outa) is…
JSE benchmark index tops 100 000 for first time
380 South Africa’s benchmark stock index crossed the psychological level of 100 000 for the first time on optimism that a crucial budget vote will get support from key parties in the governing…
Vodacom’s mobile money empire now moves R8-trillion a year
502 Vodacom Group CEO Shameel Joosub Vodacom Group on Wednesday said it facilitated US$460-billion (R8.1-trillion) in transactions through its mobile money platforms in the past year, including in Kenya, underscoring just how…
SA acts against dumping of Chinese and Thai washing machines
468Provisional anti-dumping duties in place for six months. Top load washing machines imported from China and Thailand are the latest products to encounter anti-dumping duties from the South Africa’s International Trade Administration…
South Africa among countries targeted in Microsoft SharePoint attacks
518 Microsoft has warned that Chinese state-sponsored hackers are among those exploiting flaws in its SharePoint software to break into institutions globally, with the US agency responsible for designing nuclear weapons now…
Big win for MultiChoice, Canal+ in deal talks
478 The Competition Tribunal has agreed to support the acquisition of MultiChoice Group by London-listed Groupe Canal+, removing a major hurdle to their deal being consummated. The tribunal approved the proposed transaction,…