Digital newcomer Discovery Bank nears 500K customers
The digital bank says it has 489 000 clients as of 13 September, versus 370 000 accounts at the end of June.
Competition watchdog moves to redress SA’s ‘digital deficits’
The need for digital economy regulation is now all the more urgent, as COVID-19 moves more services online, says the Competition Commission.
Fresh storm brewing as Cell C employees blow the whistle
The employees are alleging a number of issues, which they place at the centre of the challenges facing the mobile operator.
Cell C faces off with angry union over retrenchments
The union says employees are cognisant of the company’s depressed financial position but they cannot be blamed for the liquidity challenges.
Cell C, labour unions ready to square off over jobs
Unions say they communicated their displeasure to Cell C management and hope to get an urgent meeting to engage on this matter.
Double blow as BCX loses retail pharmacy court battle
The Telkom subsidiary loses a High Court case against Vexall in a dispute over a computer program used by hundreds of retail pharmacies in SA.
Cell C cautiously optimistic on recapitalisation prospects
The recapitalisation is an important pillar of Cell C’s turnaround and it is being thorough to ensure all conditions are met, says CEO Douglas Craigie Stevenson.
Internet uptake lags despite falling broadband prices
The International Telecommunication Union finds prices for telecoms services continue to decline but do not translate into rapidly increasing Internet penetration rates.
Special purpose vehicle Gatsby to acquire Cell C assets
The Competition Commission recommends conditional approval of the proposed acquisition of certain Cell C assets by Gatsby SPV.
Standard Bank gets approval to acquire renewable energy projects
The competition watchdog gives a fund owned by the bank the green light to acquire Mulilo Prieska and De Aar projects in SA.