Author: Duncan McLeod

Exclusive | EOH Holdings is suing its co-founder and former CEO, Asher Bohbot, and its former chief financial officer, John King, for R1.7-billion in damages each. It is also pursuing several other former executives.

President Cyril Ramaphosa has placed South Africa back on a strict level-4 lockdown, with restrictions – including a ban on all alcohol sales – in place for the next two weeks.

Dimension Data’s newly appointed CEO, Werner Kapp, said the company’s parent, NTT, sees Africa and the Middle East as ripe with potential.

Dimension Data is near to concluding a deal to sell Internet service provider Mweb, but has taken the sale of another business it has deemed non-core, Merchants, off the table for now.

Price cuts at Vumatel, to be implemented from next week, are not a risk to parent CIVH’s balance sheet and are only likely to register as “blip” in the company’s long-term growth trajectory, CIVH CEO Raymond Ndlovu said.

CIVH, the Remgro-controlled parent of fibre players Dark Fibre Africa and Vumatel, remains interested in participating in government’s planned wholesale open-access network, according to its CEO.

Alviva Holdings has secured the regulatory go-ahead for its R185-million acquisition of rival Tarsus Technology Group.

JSE-listed Reunert’s newly launched IT services business, +OneX – led by former top EOH executive Rob Godlonton – said on Wednesday that it is buying cloud specialist Triple H Cloud Services.

Dimension Data executive chairman Jeremy Ord has stepped down from the technology group he co-founded, while a string of other top executives, including co-founder Bruce “Doc” Watson, have also left.

Naspers-controlled Takealot group reported revenue growth of 55% in the last financial year despite a ban on unfettered e-commerce during the height of the hard lockdown in 2020.