Henry Ferreira
Henry Ferreira
Listed technology distributor Pinnacle Holdings has named IT industry veteran Henry Ferreira as an executive director on its board. Ferreira, 61, has been appointed to “enhance the capacity of the board and also assist in managing the future growth of Pinnacle”, the company said in a statement to shareholders on Monday. He will take
South African technology firms and other companies can now transfer intellectual property (IP) offshore thanks to a relaxation of exchange control regulations in this regard. One of challenges that private companies in South Africa have faced is their inability to tap into international venture capital markets, with the main obstacle being
Naspers was the darling of the JSE in 2013, contributing a full 4,2% of the total market performance of 18% last year. But we believe that, although it may be a great business, Naspers does not represent a good investment. Investors seem to be pricing the share for perfection, and then some. Eager to gain access to the Chinese market, via
Large South African technology distribution group MB Technologies (MBT) has entered into an agreement to purchase a majority stake in cloud computing specialist Cloud On Demand. The value of the deal has not been disclosed. The move forms part of MBT’s plan to
Former Vodacom CEO Pieter Uys and former First National Bank CEO Michael Jordaan have joined the board of Invenfin, the venture capital division of investment holding company Remgro Limited, as nonexecutive directors. Uys is already Remgro’s investment executive
Convergence Partners, the communications technology investment management firm controlled by businessman Andile Ngcaba, has signed a R400m long-term funding deal with Nedbank Capital. The facility will be used by Convergence Partners Investments, the vehicle that
Mobile operator Vodacom is giving 1GB of free data to all of its 33m-plus customers in South Africa. The only catch is that if they want it, they have to use it this Sunday, the day it is made available. The mobile operator, which is keen to drive up the number of people using data services on its network – this week launching
Those interested in researching South African-listed equities can now access the share trading information and other data of Johannesburg Stock Exchange (JSE)-listed companies through Google’s popular Finance portal. “The JSE and Google Finance have teamed up,” the bourse said in a statement. “Now you can access JSE equity price
Radio personality Gareth Cliff, who recently quit his job at national radio station 5FM to launch Cliff Central, an online radio start-up, has reportedly reached an agreement with MTN to offer his online broadcasts on an unlimited basis for a low fixed monthly fee. According to a report on business website BDlive, Cliff and MTN are set
Independent mobile infrastructure provider IHS has completed its acquisition of more than 1 200 network towers from MTN. It has bought all of the mobile group’s towers in Zambia and Rwanda. The value of the transaction has not been disclosed. IHS subsidiaries in Zambia and Rwanda acquired ownership and
