Articles
One punter has to pay back almost R500 000 after he exploited a flaw allowing him to place a bet on an online game for free.
The digital giant yesterday bought R564.4 million-worth of its own shares, returning value to investors.
The online gaming platform grows revenue by 70%, compared to 6.7% for the overall Sun International group.
Consolidation in the telecoms market is inevitable, says MTN Group president and CEO Ralph Mupita, adding that there are currently no active talks with Telkom.
Following the Competition Tribunal’s approval, Blue Label achieves its almost decade-long goal of securing a majority stake in Cell C.
City Power halts converting postpaid meters until November so it can investigate several issues, including account “discrepancies”.
So far, 67 000 meters have been installed at a total cost of R500 million, translating into cost to government of R7 462 per meter.
A focus on digitisation aids the Department of Home Affairs to root out corruption, boost efficiency and bring in revenue.
A breach of sensitive information, held by TransUnion on 13 million North Americans, has not affected South Africans.
The firm starts making plans to exit Cell C through a separate JSE listing, in a complex restructuring that could result in both companies being debt-free.
The company, rebranding to Blu Label Unlimited, acknowledges it failed in its initial execution of its R5.5 billion purchase of Cell C, but it was done for “all the right reasons”.
JSE-listed Blue Label Telecoms reaps financial benefit from its Cell C investment and commits to listing the operator to ensure its strength for the foreseeable future.