Telkom burning through cash: Telkom chief financial officer Dirk Reyneke has warned staff that the company is burning through cash at an unsustainable rate. CEO Serame Taukobong says staff will receive no bonuses or raises this year. – MyBroadband
VodaPay launches free cash deposits: Vodacom financial and digital lifestyle services CEO Mariam Cassim explained the features enabled both banked and unbanked users to deposit or send money securely, cost-effectively and instantly. – MyBroadband
Reddit suffers major outage — blames protesting moderators: Reddit suffered a two-and-a-half-hour outage on Monday, 12 June, which it blamed on the moderator protest. – MyBroadband
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