Company that Makes Billions for Vodacom and MTN Every Year Is a Bargain for Investors
Optasia, a JSE‑listed AI‑powered fintech that powers airtime‑credit products for Vodacom and MTN, reported a 75% revenue jump to R4.47 billion (about $241 million) for the year to December 2025. Profit rose 19% to R725 million (~$39 million) and micro‑finance revenue surged 149% to R2.82 billion (~$152 million), now making up 63% of sales. The stock has slipped about 20% below its IPO price, prompting Protea Capital’s Jean Pierre Verster to label it a bargain, especially after FirstRand took a 20.1% anchor stake. A temporary suspension of Nigerian airtime‑credit services, which represented roughly 14% of revenue, is not expected to materially hurt the balance sheet.
One Electric Car Selling Faster than South Africa Can Get Stock
Geely’s entry‑level E2 electric hatchback sold out its initial South African allocation in under a month, propelling the model to second place in April 2026 EV sales. Priced at R339,900 (≈ $19,000) for the Aspire trim and R389,900 (≈ $21,600) for Apex,...
New Electricity Price Rules Planned for Eskom and Private Power Producers
South Africa’s regulator NERSA released a Transitional Generation Pricing and Vesting Contract Framework to guide the shift of Eskom and private generators into a competitive wholesale market. The proposal introduces vesting contracts—price‑fixed agreements between the national transmission company and generators—managed...
Making DStv Great Again
French media group Canal+ will list on the Johannesburg Stock Exchange on 3 June 2026, allowing South African investors to trade its shares in rand after MultiChoice’s delisting. The listing follows Canal+’s acquisition of MultiChoice, whose DStv platform has slipped from a...
Bitcoin and Stablecoins Are Not Money in South Africa
South Africa’s central bank and financial regulator have jointly confirmed that crypto assets, including Bitcoin and stablecoins, are not considered money, funds, or legal tender under the National Payment System Act. The clarification means domestic crypto payments do not require...
Iconic 138-Year-Old South African Sports Club Allegedly Struck in 674,000-Record Cyber Attack
The Wanderers Club, a 138‑year‑old South African sports and country club, is accused of suffering a massive data breach that exposed roughly 674,000 member records. Hacker known as Databasehooligan posted the dataset on a dark‑web forum and asked for about...
Uber Coming After Food Delivery Giant Owned by Naspers Spinoff
Uber Technologies increased its ownership of Delivery Hero to 36.83% by acquiring Aspex Management’s shares for just under €40 ($43) per share. The purchase follows an earlier €33 ($36) per‑share offer that valued the Berlin‑based food‑delivery platform at roughly €10 billion ($11.6 billion)....
Cellphone Data Can Convict You of Murder, South African Court Finds
South Africa’s Gauteng High Court ruled that automatically generated cellphone tower data qualifies as real evidence, overturning the defence’s claim that it was inadmissible without a telecom employee’s testimony. The decision upheld a 2015 murder conviction, confirming a 25‑year prison...
DStv for R99 per Month
DStv’s Access tier continues to be priced at R99 per month (about $5), offering a streaming‑only option at the same price while the satellite version will rise to R150 ($8) in 2026. The package now includes 89 video channels and...
Vodacom M-Pesa Announces Partnership with PayPal
Vodacom Tanzania’s M‑Pesa platform is now directly integrated with PayPal through the M‑Pesa Super App, allowing users to move money between the two services. The link enables Tanzanian freelancers, gig‑economy workers and other digital service providers to send, receive and...
The Cheapest Online Grocery Store in South Africa, Beating Checkers Sixty60 and Pick N Pay Asap
Walmart’s Express delivery service posted the lowest online grocery basket in South Africa at R1,618 (≈ $86), undercutting Checkers Sixty60 (R1,728 ≈ $92) and Pick n Pay Asap (R1,841 ≈ $98). The price advantage comes from Walmart’s Everyday Low Price model, with a flat R35...
State-Owned Company Paid Its CEO R11.7 Million After It Received a Massive Taxpayer-Funded Bailout From the Government
Eskom, South Africa’s state‑owned power utility, paid its chief executive R11.7 million (≈ $620,000) in the 2025 fiscal year while raising average staff salaries by R167,000 (≈ $8,850). Those hikes pushed total employee costs up R8.3 billion (≈ $440 million), even as the government assumed roughly...
The Starlink Service that Can Revolutionise Mobile Connectivity in South Africa
SpaceX’s Starlink Mobile, detailed in its S‑1 filing, offers satellite‑to‑mobile connectivity that works directly with standard smartphones through partnerships with mobile network operators. As of 31 March 2026 the service supports roughly 7.4 million unique devices across 30 countries using a dedicated fleet...
Bolt Makes It Safer for South Africans to Use Its Service
Ride‑hailing firm Bolt announced a cumulative investment of roughly $162 million in South Africa over the past decade, underscoring the market’s rapid growth with 30 million passengers to date. The company has onboarded more than 500,000 drivers since 2016 and completed over...
South African Musicians Earned R500 Million on Spotify in One Year
Spotify’s 2025 Loud And Clear report shows South African musicians earned roughly R504 million (about $30.6 million) on the platform, a 28% year‑on‑year increase and double the 2023 payout. Although South Africa contributed less than 5% of Spotify’s $11 billion global revenue, independent artists captured...