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MTN hits back at ‘white CEO’ critics

MTN hits back at ‘white CEO’ critics

MTN has hit back at those who have criticised it for appointing a white group CEO in the form of outgoing Vodafone executive Rob Shuter. In a lengthy statement on Friday evening, MTN defended its record

Icasa probe of pay TV to be wide-ranging

Icasa probe of pay TV to be wide-ranging

Communications regulator Icasa has promised that its planned investigation into South Africa’s pay-television industry will be comprehensive and that it will work with the competition authorities during the

Zuma in big legal setback

Zuma in big legal setback

South Africa’s high court denied the National Prosecuting Authority permission to appeal a finding that it erred when it decided to drop a corruption case against President Jacob Zuma seven years

Rand pummelled as UK votes to exit EU

Rand pummelled as UK votes to exit EU

South Africa’s rand lived up to its reputation as a proxy for risk sentiment, plunging by the most since 2008 against the dollar and falling to a record against the yen as investors piled into haven assets after the UK voted to

Bank warns of conflict of interest in Sassa tender

Bank warns of conflict of interest in Sassa tender

The South African Reserve Bank said the way the country’s welfare grants are paid out may have resulted in Net1 UEPS Technologies having a conflict of interest as the company has the contract to make the payments and

Bitcoin surges on Brexit vote outcome

Bitcoin surges on Brexit vote outcome

Bitcoin was one of the few winners out of the UK’s vote to leave the European Union, surging by as much as 13% as the decision fuelled demand for alternative assets. The digital currency jumped by 11% to US$681,68 as of 1.45pm

Crooks use Gordhan’s name to peddle scams

Crooks use Gordhan’s name to peddle scams

Are you aware of a fund at national treasury that could hold US$9,5m of money owed to you? Neither is treasury. They are aware, however, of an apparent 419 scam that is once again doing the rounds in finance

MTN sells its 50% stake in Afrihost

MTN sells its 50% stake in Afrihost

Just two years after acquiring a controlling stake in the company, MTN South Africa has announced it will dispose of its 50,02% stake in Afrihost to the Internet service provider’s management team. MTN acquired the stake

Encryption battle headed to SA’s top court

Encryption battle headed to SA’s top court

Communications minister Faith Muthambi’s spokesman, Mish Molakeng, has confirmed that government on Wednesday lodged papers at the constitutional court to challenge the supreme court of appeal’s judgment over

Muthambi in bid to save Motsoeneng’s bacon

Muthambi in bid to save Motsoeneng’s bacon

Communications minister Faith Muthambi has moved to appeal a high court ruling that upheld that SABC chief operating officer Hlaudi Motsoeneng’s appointment was irrational. On 23 May, Western Cape high court judge Dennis

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