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Following the discontinuation of the Virgin Money South Africa credit card, [7] the company and app was acquired by its management and a local private equity company, [8] and renamed Spot Money. [9] The 118,000 former credit card customers, with R750 million in total credit, were transferred to Absa's own credit card offering.
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The grand prize for the person who downloads the 500 millionth song was 10 iPods of their choice, a 10,000-song gift card, 10 50-song gift cards or 4 tickets to the Coldplay world tour. Twelve days later, on July 17, Apple announced that 500 million songs had been sold through iTunes Music Store.
Sage's South African business continues to provide Sage's global products as well as local South African solutions that cover accounting, ERP, Payroll and HR, Business Intelligence, customer relationship management and retail software solutions to small, medium and larger sized companies in South Africa. [5]
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