Nedbank Capital has acquired a 32,9% stake in cellular service provider GloCell in a private equity transaction for an undisclosed sum. GloCell is one of South Africa’s largest distributors of prepaid cellular airtime. It connects about 4m mobile users on behalf of the
Author: Editor
Fuel retailer Engen and logistics company UTi Distribution have announced plans to roll out e-commerce lockers at Engen forecourts, starting in Sandton in Johannesburg. The news comes just months after Makro announced that it was working
A new smartphone application, developed by Cape Town-based “consumer engagement agency” iKineo, has been launched to showcase the Winelands of the Western Cape to tourists. Available only for the iPhone for now, the app, called Sideways, allows
A year after announcing that its CEO, Mark Simpson, had decided to leave the company to “pursue personal interests”, undersea cable operator Seacom has appointed Byron Clatterbuck to the role. Seacom founder and executive director Brian Herlihy
Durban-based IT services company Adapt IT has turned in another strong set of financial results. Headline earnings per share climbed by 35% to 18,6c in the six months ended 31 December 2014 on the back of a 38% improvement in revenue to R261m. Growth came from
IBM has announced plans to build an IBM Research laboratory, based at the University of the Witwatersrand in Johannesburg, to focus on advancing big data, cloud computing and mobile technologies. The
The department of communications is in disarray with its minister, Faith Muthambi, facing off against defiant senior management. Senior sources said the relationship between her and her
The South African Press Association (Sapa), the news agency that has been in operation for the past 76 years, will close its doors at the end of March, its editor, Mark van der Velden, announced on
Vodacom is pitching its first properly low-cost 4G/LTE smartphone, the Smart 4 Turbo, in the hope it will enjoy the same success as its low-cost, own-branded 3G devices such as the Smart Kicka smartphone
JSE-listed Net1 UEPS Technologies, the company running South Africa’s disputed social grants system, on Thursday announced plans to expand its operations in the UK with the establishment of a new subsidiary called Zazoo. Zazoo, headed by MD