457 The inflation rate was 3% in June, with food prices the main contributor to the increase. The inflation rate only increased by 0.2% in June to 3%, but while this is…
Category: Business
VC funding in South Africa bucks international trend
773 Rapid growth in venture capitalist investments in Southern African – with early stage tech start-ups taking the lion’s share of the VC pot – is a sign of the region’s growth…
JSE All Share Index hit 100k points
705 The All Share Index is like a scoreboard for the JSE, displaying the performance of all the major companies listed collectively. The Johannesburg Stock Exchange (JSE) All Share Index (ALSI) hit…
Competition court in unchartered territory with Maziv deal
533 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…
Visa opens its first South African data centre
703 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
498 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
815 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
570 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
490 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
616 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…