South Africa’s Wireless Application Service Providers’ Association (WASPA) has marked the occasion of the 10th anniversary of its founding by unveiling a vastly simplified code of conduct to better protect the mobile consumer.
The bribery charges against Pinnacle Holding’s executive director Takalani Tshivhase, which earlier this year triggered a sell-off of the company’s stock and an estimated R1,2-billion slashing of its value, have been dropped. The Specialised Commercial Crimes Unit of the National Directorate of Public Prosecutions withdrew all charges against Tshivhase after concluding that there was no basis upon which to pursue the allegations against him.
More than 1-million South Africa accounts have been opened on the global payments platform PayPal, just four years after the first deal with First National Bank (FNB) made it possible for people and businesses in South Africa to make and accept PayPal payments.
Pinnacle Holdings this week laid rest to rumours in order to address the concerns that have kept its share price on the back foot.
Africa has experienced substantial growth in its middle class over the past 14 years, according to a study by Standard Bank. There are 15-million middle-class households in 11 of sub-Saharan Africa’s top economies this year, up from 4,6-million in 2000 and 2,4-million in 1990 – an increase of 230% over 14 years.