While a string of local tech start-ups were snapped up in 2021, many were acquired for significantly less than the blockbuster exits of years gone by.
Browsing: Investment
Mustek has appointed Neels Coetzee as divisional MD of Mustek, replacing Hein Engelbrecht in the role.
The board of JSE-listed technology group Mustek has appointed Hein Engelbrecht as its new CEO with immediate effect.
Shares in Alviva Holdings leapt higher on Thursday after the group received an offer from a black-led consortium to buy it out.
JSE-listed Datatec has agreed to sell its Analysys Mason business for as much as £210-million, with the proceeds to flow directly to the group’s shareholders.
Futuregrowth Asset Management, a South African fixed-income money manager with R193-billion of assets, is raising a fund to invest in start-ups.
The rand tumbled on Thursday to its lowest level since October 2020 as electricity cuts renewed pressure on the currency.
A plan by Tencent’s major backer, Naspers-controlled Prosus, to further cut its stake in the company fuelled concerns among investors on Tuesday.
When there is a deep valuation discount and pressure from its investors, Naspers can’t really time market tops and must appease with cash handouts instead.
Shares of China’s Tencent fell as much as 2.5% after Prosus and Naspers said they would gradually sell shares in the firm.