MTN’s top brass in line for R160-million share windfall

MTN’s top brass in line for R160-million share windfall

MTN Group CEO Ralph Mupita MTN Group CEO Ralph Mupita has been awarded conditional shares worth nearly R40-million under the telecommunications group’s long-running performance share plan, the company disclosed on Tuesday. In a notice to shareholders published on the JSE’s stock exchange news service, MTN said Mupita had been allocated 207 633 shares at R192.50 each…

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SA, China strengthen sci-tech ties

SA, China strengthen sci-tech ties

The SA and Chinese delegation during a courtesy visit at the South African Radio Astronomy Observatory. (Image source: DSTI) South Africa and China’s science, technology and innovation deputy ministers have reaffirmed their countries’ bilateral agreement in science and technology. The collaborative engagement between the two deputies – Dr Nomalungelo Gina and Chen Jiachang – took…

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Naamsa CEO Mikel Mabasa to step down

Naamsa CEO Mikel Mabasa to step down

Outgoing Naamsa CEO Mikel Mabasa Mikel Mabasa, CEO of the Automotive Business Council (Naamsa), is stepping down after six and a half years in the role, the industry body said on Tuesday. In a brief statement, Naamsa said Mabasa was leaving “to pursue personal interests outside the organisation”. It did not give a departure date…

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Standard Bank notifies clients of data breach

Standard Bank notifies clients of data breach

Standard Bank has suffered a data breach. Standard Bank, Africa’s biggest bank by assets, has informed its business clients of a data breach that exposed their personal information. “We are writing to inform you of a recent incident that involved unauthorised access to certain data within the Standard Bank of South Africa’s environment,” says the…

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Endeavor SA closes R230m fund for SA tech SMEs

Endeavor SA closes R230m fund for SA tech SMEs

The fund leverages Endeavor’s global network to provide portfolio companies with mentorship, talent, strategic guidance and market access. Endeavor South Africa has closed its Harvest Fund III at R230 million, aiming to accelerate growth, job creation and exits in the country’s high-growth technology sector. According to a statement, the fund brings together entrepreneurs and institutional…

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Theft and power cuts hammer SA telecoms operators

Theft and power cuts hammer SA telecoms operators

Telecommunications infrastructure theft and power outages continue to hold back connectivity in South Africa, with the cost burden on mobile and fibre operators more than doubling in a year. According to communications regulator Icasa’s latest State of the ICT Sector report, published last week, the rate of telecoms equipment theft grew significantly between 2024 and…

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Top ICT tenders: Home affairs targets records digitisation

Top ICT tenders: Home affairs targets records digitisation

The Department of Home Affairs has over 340 million paper records and will prioritise the digitisation of records relating to birth, marriage, death and amendments. (Image source: 123RF) A pre-long weekend rush makes for an interesting round-up from National Treasury’s eTenders Portal, with a mix of requests from national departments, metro municipalities and state-owned entities….

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Maidar Secure, Strike48 bring agentic AI to the SOC

Maidar Secure, Strike48 bring agentic AI to the SOC

Maidar Secure, a provider of managed security services and security operations centre (SOC) solutions, has announced a strategic partnership with Strike48, developer of what it describes as the industry’s only truly agentic security operations platform, allowing organisations to detect and respond to threats at machine speed. “This partnership represents a bold step forward in redefining…

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Digital twins: The system behind the system

Digital twins: The system behind the system

Tiny town: A digital twin is a gamified, 3D, virtual representation of a company’s asset. Around 30 years ago, the video game publisher, Maxis, released SimCity. As the name implies, the goal was to create and run a virtual city. From building roads to power plants, adding different housing zones and even constructing an underground…

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