financial

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Russian bank loses $31m in cyber attack

Hackers stole more than two billion roubles from correspondent accounts at the Russian central bank.

Business

New owners exempt from historical municipal debt

A North Gauteng High Court judgment on 7 November holds that a municipality may not hold a property owner liable for a previous owner's historical municipal debts.

Business

Internet Solutions agrees to buy MWeb Connect

The transaction, expected to be completed in Q1 next year, is subject to approval by the relevant competition authorities in SA.

Financial

Illegal cash repatriation claims haunt MTN

The telco's planned listing in Nigeria could be jeopardised by accusations that it illegally moved billions of dollars out of the country.

Reuters

Spotify starts talking about profit

As one of Europe's most valuable tech start-ups, the music streaming service could start to become profitable as early as next year.

Reuters

CA buys Austrian peer in $635m deal

The software management group agrees to buy Austrian business automation firm Automic from private equity group EQT.

Reuters

Facebook COO donates $100m to charity

Sheryl Sandberg donates more than $100 million to the Sheryl Sandberg & Dave Goldberg Family Fund.

Financial

SA's Netsurit, US firm Marathon merge

South Africa's Netsurit and US-based Marathon Consulting merge to create an international managed services provider.

Financial

Innovative tech SMEs coin it after agency turnaround

The Technology Innovation Agency shrugs off a history of scandals to refocus on its mandate and steadily increase the number of tech SMEs it funds.



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