Net1 UEPS Technologies, the group whose subsidiary, Cash Paymaster Services, controversially manages South Africa’s welfare payments system, has terminated the services of its former CEO, Serge Belamant, it said on
Author: Staff Reporter
Altech Netstar, a subsidiary of JSE-listed technology group Altron, has acquired 100% of Australian fleet management business Fleet Logistics for an undisclosed sum. Fleet Logistics, which trades as EZY2C, specialises in
African Rainbow Capital, the black-owned investment company chaired by billionaire Patrice Motsepe, has acquired a 20% stake in 4G/LTE operator Rain (formerly Wireless Business Solutions). The value of the deal
MTN said on Thursday that it expects to have swung back into a profitable position in the first six months, with headline earnings per share of between R2.10 and R2.30, compared to a headline loss a year ago
Telkom said on Wednesday that it has won a “landmark” case, with costs, against rival Vodacom at the high court in the Western Cape over the latter’s use of the former’s ducts in a residential estate. In a statement
After more than 18 months of negotiation, Blue Label is finally poised to buy a 45% stake in Cell C for R5.5bn, a deal that is set to transform both companies. Blue Label shareholders approved
Like other mobile operators, Cell C is getting serious about digital business. The company said on Wednesday that it has appointed Nihmal Marrie as chief digital officer to “steer” its “digital transformation” and
German software company Software AG has started an “internal review” following the publication of an article on Tuesday that said it appeared it had entered into a “kickback agreement” with Gupta-controlled Global
First it was SAP. Now another German software multinational, Software AG, has been drawn into an alleged kickbacks scandal involving the Guptas. According to a report published on News24 and the Daily Maverick on
Naspers shares rallied to an all-time high on Monday amid continued optimism over the growth prospects of its Chinese affiliate, Tencent. The share touched a new high of R2 873.93 in afternoon trade on the JSE, before