Microsoft and Google are racing to fine tune a technology that could ultimately bring cheap broadband to the entire African continent.

South African telecoms firm Seemahala is developing a smartphone that focuses on the need in Africa for internet access and long battery life.

Tokyo Sexwale’s Batho Bonke Capital has sold its stake in SA’s biggest retail bank, exiting one of the post-apartheid era’s highest profile BEE deals.

Capitec Bank says it plans to boost its transaction income in a year, which it expects will make it less reliant on lending income.

Capitec Bank says it aims to raise $110-million by issuing new shares to fund its expansion and boost capital ahead of new global banking needs.

Nedbank Group has reported a 26% rise in first-half profit, which was helped by a drop in bad debts and its push to boost revenue from fees.

Big South African banks are expected to show scant underlying growth when they report first-half earnings in coming weeks.