Author: Duncan McLeod

African Equity Empowerment Investments, controlled by Iqbal Survé’s Sekunjalo Group, has told Britain BT Group that it can’t exercise a call option to terminate its agreements with the company.

EOH Holdings announced on Tuesday that it has sold subsidiary Sybrin for a cash consideration of R334.4-million. The money will be used mainly to pay down debt.

The high court has delivered a damning judgment against Public Protector Busisiwe Mkhwebane, who had sought to shield Lumko Mtimde, the former CEO of Usaasa, from disciplinary action and dismissal.

Naspers is participating in a R201-million funding round involving Cape Town-founded start-up WhereIsMyTransport, along with fellow investors Cathay AfricInvest Innovation Fund and SBI Investment.

Volaris Group, the Canadian firm pursuing JSE-listed software services group Adapt IT, has sweetened its all-cash offer to R7/share in an effort to see off a rival bid from South Africa’s Huge Group.

South Africa’s largest broadcaster, JSE-listed MultiChoice Group, said on Friday it expects full-year trading profit to jump by as much as 30% and by as much as 45% on an “organic” basis.

When the Internet Service Providers’ Association was founded 25 years ago, its principal raison d’être was fighting Telkom’s monopoly. Now the company has been accepted as a member.

Britain’s BT Group – formerly British Telecom – has terminated its relationship with Iqbal Survé’s Sekunjalo Group, ending its longstanding relationship with the firm.

Naspers-controlled Internet investment firm Prosus has agreed to acquire Stack Overflow, a platform used by software developers, for $1.8-billion.

MTN South Africa has renewed its sponsorship of the Springboks for a five-year period in a deal understood to be worth hundreds of millions of rand.