Author: Duncan McLeod

Technology group Etion is selling its Lawtrust information security specialist subsidiary to Altron for R245-million as part of a programme to unlock shareholder value.

MetroFibre, the fibre telecommunications company that recently concluded a R2.5-billion debt funding round, is buying Link Africa’s fibre-to-the-home network in Gauteng and KwaZulu-Natal.

Who is buying JSE-listed Adapt IT shares at or above the R6.50/share offer price tabled earlier this month by Canada’s Volaris Group? A disclosure by Adapt IT may have shed some light on this question.

EskomsePush is by far South Africa’s most popular smartphone application for checking load shedding schedules. Herman Maritz, co-creator of the app, joins the TechCentral podcast to chat about what’s next.

First National Bank has terminated the banking facilities it provides to Iqbal Survé’s Ayo Technology Solutions, Ayo said in a statement to shareholders after markets closed in Johannesburg on Thursday.

The prohibition on the private ownership and free trading of spectrum is an “artefact” that has “neither a technological basis nor is supported by economic theory”, says the Free Market Foundation.

The Financial Services Conduct Authority has begun an insider trading investigation that will “cover disclosures and transactions in Huge Group securities during January 2021”, it said on Thursday.

EOH Holdings has reduced its headcount by 1 566 employees in the past six months, mainly through selling or closing non-core and non-performing businesses, as it streamlines its operations and further reduces debt.

EOH Holdings’ six-monthly revenue, for the period ended 31 January 2021, fell by 29% year on year, mostly due to the disposal of businesses, as it said legacy public sector contract problems are now “under control”.

Government’s plan to create a wholesale open-access network “will serve no useful purpose” and could, in fact, harm consumers – the exact opposite of what it’s meant to achieve, the Free Market Foundation said.