Author: Staff Reporter

Policy documents in national treasury’s 2020 budget review suggest government will soon significantly relax controls over the export of South African-owned intellectual property.

Police have arrested five suspects belonging to one of South Africa’s largest battery theft syndicates, mobile operator Vodacom said on Thursday.

The Competition Commission has approved JSE-listed technology group Altron’s acquisition of identity management security specialist Ubusha Technologies.

MTN South Africa said on Wednesday that inroads are being made in the fight against battery theft at its base stations and that police are making progress in shutting down the syndicates behind the scourge.

Naspers’s Prosus, through its OLX Brazil business, has agreed to spend R9.9-billion to buy Grupo ZAP, described as one of the fastest-growing technology companies in the South American country.

JSE-listed technology services group Datatec is exploring the possibility of listing the Latin American arm of its Logicalis subsidiary on the Brazilian stock exchange, B3.

JSE-listed technology group Altron has appointed Mark Harris, a former MD of IBM South Africa, as the new permanent MD of its Altron Nexus subsidiary following a tumultuous period for the business.

Seacom, said on Monday that it has reached an agreement with India’s Tata Communications to offer high-speed connectivity between Africa, Europe and Asia.

Cryptocurrency exchange Luno has added the ripple, or XRP, cryptocurrency to its platform in response to growing demand for so-called “altcoins”.

Naspers-controlled Internet investment firm Prosus is leading a $113-million (R1.7-billion) funding round in Swiggy, India’s largest food delivery platform.