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Category: Business

Censorship-resistant internet from space

Posted on February 12, 2026

115 Spacecoin’s CTC-1 nanosatellite Internet shutdowns have become a tool for subversion in times of unrest. So far in 2026, Iran and Uganda both enforced severe internet blackouts to stifle dissent. Iran’s…

Africa Bitcoin Corp adds more bitcoin to its balance sheet

Posted on February 12, 2026

120 The group now holds 4.55 BTC, as part of a programme to build long-term wealth for shareholders. Africa’s first listed bitcoin treasury company Africa Bitcoin Corporation (ABC) has acquired a further…

Chip shortage hits PCs as AI swallows the world’s memory supply

Posted on February 12, 2026

125 China’s Lenovo Group warned on Thursday about mounting pressure on PC shipments as a worsening memory-chip shortage grips the industry. CEO Yang Yuanqing said in an interview after the company released…

Here comes the next wave of Chinese AI models

Posted on February 12, 2026

129 One year after Chinese start-up DeepSeek rattled the global tech industry with the release of a low-cost AI model, its domestic rivals are better prepared, vying with it to launch new…

Jumia aims for profit as it fends off Chinese rivals

Posted on February 12, 2026

136 Africa-focused e-commerce retailer Jumia Technologies expects to break even in the last quarter of 2026 and deliver its first full-year profit next year as it accelerates growth after years of restructuring,…

Disaster recovery clock ticking: 4 provinces must spend nearly R1bn in under 8 weeks

Posted on February 11, 2026

153 The funds must be spent by the end of the 2025-26 financial year. Finance Minister Enoch Godongwana has increased the budget allocated to provinces and municipalities to fund the recovery and…

Capitec shoots lights out: up to R17.2 billion in headline earnings, becoming SA’s most valuable bank

Posted on February 11, 2026

231 Capitec overtakes FirstRand to become SA’s most valuable bank. The 2026 financial year appears to have been one of growth for Capitec, with the bank expecting its headline earnings per share…

Broadband Infraco in limbo

Posted on February 11, 2026

141 Broadband Infraco, which painted a dismal picture of its financial well-being in parliament on Tuesday, has revealed it is on a mission to win back one of its most lucrative contracts…

Absa appoints M-Pesa boss to lead personal and private banking

Posted on February 11, 2026

155 Absa Group has announced a series of executive leadership changes, headlined by the appointment of former M-Pesa Africa MD Sitoyo Lopokoiyit as CEO of its personal and private banking division. Lopokoiyit,…

Will DStv subscribers face reduced live sport coverage as Canal+ cuts costs?

Posted on February 11, 2026

126 SuperSport may not renew its broadcast deal for the Super Rugby competition. French media giant Canal+ is weighing options to reduce costs at its newly acquired subsidiary, MultiChoice Group.   One…

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