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Allan Gray won’t get hostile with Net1

Allan Gray won’t get hostile with Net1

Allan Gray, the second biggest shareholder in Net1 UEPS Technologies, said it will work with the company’s board after it highlighted concerns about its communication with its investors

Rand’s rally may soon be over

Rand’s rally may soon be over

The rally that made South Africa’s rand the world’s best performing currency this year might be nearing its end, according to Old Mutual Investment Group. The currency gained 10% against the dollar

Suspected vandals again cause Telkom disruption

Suspected vandals again cause Telkom disruption

Telkom has blamed R2,5m in damages caused by suspected vandals on downtime for customers in parts of Johannesburg. The company said on Thursday that customers on Johannesburg’s

IFC coy on Net1 allegations

IFC coy on Net1 allegations

The International Finance Corp, a member of the World Bank Group and Net1’s largest shareholder, promises to engage with the management of the company to “promote responsible business

Nyati to take reins at Altron early

Nyati to take reins at Altron early

Former MTN South Africa CEO Mteto Nyati will take the reins at JSE-listed technology group Altron earlier than previously planned. Nyati, who resigned suddenly, and unexpectedly, as the

Growing odds that rates will be cut

Growing odds that rates will be cut

Traders are adding to bets on the first South African rate cut in more than four years after data showed the current-account deficit, a key risk for the rand, narrowed and consumer inflation slowed for

22seven founder calls it quits

22seven founder calls it quits

Christo Davel, the founder of the personal finance management website 22seven, acquired by Old Mutual in 2013, has resigned. In a note to customers on Wednesday, Davel said he, co-founder Kenny Inggs

Apple unveils cheaper iPad, red iPhone

Apple unveils cheaper iPad, red iPhone

Apple introduced a revamped version of its most popular-sized iPad at the cheapest price ever, and a shiny red iPhone 7, whose sales will help to combat Aids. Apple unveiled a new 9,7-inch iPad with a brighter

More brands join Google ad boycott

More brands join Google ad boycott

Google, the primary revenue driver for Alphabet, announced changes to its advertising policies after major brands pulled ads from the platform because they appeared alongside offensive content

Zuma to lead grants reform

Zuma to lead grants reform

President Jacob Zuma will chair an interministerial committee set up to ensure social grants are paid to recipients on time after the government was criticised for leading the system close to failure. The committee will consist of ministers including Pravin Gordhan, minister of finance, and Bathabile Dlamini, minister for social development, who has been criticised […]

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