Author: Duncan McLeod

Telkom shareholders have shot down a special resolution at its AGM that would have allowed the company to issue more shares for cash if it had been approved.

Podcast | TechCentral’s Duncan McLeod interviews Absa Group CIO Wilhelm Krige about the mammoth project, now mostly completed, of separating the banking giant’s IT systems from former parent Barclays.

Santie Botha and Khanyisile Kweyama are stepping down from the board of Telkom, while Alphonzo Samuels will join the board along with Herman Singh.

Alviva Holdings said on Wednesday that it’s full-year headline earnings will fall by more than 50%, though it said its prospects have improved since a disappointing set of interim results earlier this year.

After Naspers was blocked from acquiring a controlling 60% stake in specialist car-buying service WeBuyCars earlier this year, Transaction Capital has announced it is taking a 49.9% stake in the company.

JSE-listed technology group Mustek reported a 9.4% increase in revenue in the year ended 30 June 2020, in spite of three months of the reporting period including the Covid-19 lockdown in South Africa.

South Africa’s GDP slumped by 51% in the second quarter of 2020 as the result of one of the hardest Covid-19-related government lockdowns anywhere in the world.

In a surprising development, MultiChoice South Africa CEO Mark Rayner has resigned after almost 14 years with the pay-television broadcaster.

Podcast | Frans Cronje, co-founder and CEO of Cape Town-based artificial intelligence firm DataProphet talks to TechCentral about the big fundraising round it announced last week.

Relations between Cell C and its soon-to-be-former client Huge Group have reached rock bottom, with the former claiming it’s owed R60-million by the latter and the latter saying it’s actually the one that’s owed money “morally”.