Author: Duncan McLeod

An independent expert appointed by Adapt IT has recommended that shareholders reject the unsolicited all-share offer by Huge Group, saying it undervalues the software services group.

Technology group Altron on Monday reported full-year headline earnings per share that fell 18% on revenue that was flat at R7.4-billion.

The Information Regulator is consulting lawyers about Facebook-owned WhatsApp’s new privacy policy and warned it is considering litigation.

South Africa’s Small Business Development Agency has fallen victim to ransomware attackers, who have crippled its systems, according to a source with knowledge of the situation.

JSE-listed Transaction Capital said on Wednesday that it is in talks to increase its stake in WeBuyCars to 74.9%, a move that will give it control over the South African online car marketplace.

Adapt IT CEO Sbu Shabalala said on Tuesday that the serious allegations levelled against him in a weekend newspaper report are “without merit”.

Adapt IT said on Monday that its long-serving CEO, Sbu Shabalala, will take a leave of absence for three months to “attend to personal matters”.

Shares in Adapt IT plunged more than 10% on Monday morning after claims were published at the weekend that CEO Sbu Shabalala hired armed thugs to beat up the partner of his estranged wife, Neo.

The Post Office is mounting a campaign to enforce its monopoly over the delivery of small items. If it gets its way, it will inflict long-lasting damage on South Africa’s fledgling e-commerce industry. By Duncan McLeod.

MTN’s South African subsidiary is flying. MTN Group reported on Wednesday that quarterly profit margins at the unit expanded significantly on the back of solid service revenue growth.