Chinese firm snaps up Telkom Media

Chinese business is set to break into South Africa's pay-television market, with South African fixed-line operator Telkom selling its 75% stake in Telkom Media to the local arm of Chinese firm Shenzhen Media.

Bank honours local heroes

Local Heroes, an initiative by one of South Africa’s largest banking groups, Nedbank, has seen hundreds of organisations benefit from the award-winning project.

VWSA’s Polo production milestone

Volkswagen South Africa marked the production of its 400 000th Polo at its factory at Uitenhage in the Eastern Cape last month, with demand for the car being boosted by an earlier export order destined for Europe.

Transnet gets R915m Finnish loan

Transnet has secured a R915-million loan from Finnish export credit agency Finnvera to buy equipment for the ports of Durban, Ngqura and Cape Town as part of the state company's five-year, R80-billion capital expenditure programme.

Easier banking for Chinese tourists

Standard Bank has partnered with China UnionPay to allow cardholders visiting South Africa to withdraw cash from over 4 300 Standard Bank ATM machines and make payments through its point-of-sale terminal network.

SA business ‘to help rebuild Zim’

South African businesses were ready to start investing in Zimbabwe, Business Unity SA president Patrice Motsepe said after a high-level meeting between a South African business delegation and the Zimbabwean government in Harare last week.

Stanbank’s $400m African trade lifeline

South Africa's Standard Bank is to receive a US$400-million credit line from the International Finance Corporation to support trade in sub-Saharan Africa and address the shortage of trade finance resulting from the global financial crisis.

Six million using Mzansi accounts

Since its inception in 2004, over six million South Africans have opened Mzansi bank accounts which provide previously un-banked clients easy access to banking services countrywide.

SA bestows National Orders

Cuban revolutionary Fidel Castro and astute businessman and former politician Cyril Ramaphosa are amongst the 28 recipients of the prestigious National Orders from the South African government on 27 March.

Internet access to double by 2014

South Africa's internet population grew by 12.5% to 4.6-million in 2008, according to a new report, and is expected to grow as much in the next five years as it has in the last 15, hitting the 9-million mark by 2014.