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At a press briefing held on 15 April, 2015, Public Enterprises minister, Lynne Brown, has assured South Africans that despite the implementation of stage three of load shedding, the country is not close to a power blackout.
BuzzCity, a developer of global mobile communities and consumer services, has secured US$10-million (about R78-million) in growth capital to help extend the market share of its core property, myGamma.com, from South African media giant Naspers.
MIH Internet, a wholly owned subsidiary of South African media group Naspers, has made a £946-million offer to acquire London-listed Tradus, which operates online trading platforms and other related internet service websites in 12 mainly Eastern European countries.
South African media giant Naspers has acquired 30% of Abril, the largest magazine publisher in Brazil and one of the largest media companies in Latin America, as part of its strategy to expand into strong emerging markets worldwide.