JSE-listed Transaction Capital said on Wednesday that it is in talks to increase its stake in WeBuyCars to 74.9%, a move that will give it control over the South African online car marketplace.
Browsing: Competition Commission
Facebook has been interdicted and restrained by the Competition Tribunal from removing GovChat, a communications service used by the South African government, from its WhatsApp instant messaging platform.
Tarsus Technology Group, the ICT distributor that is currently the subject of a takeover bid by Alviva Technology Holdings – the parent of Axiz and Pinnacle – has appointed Anton Herbst as its new CEO.
Icasa has hit back hard at Telkom’s application to interdict the upcoming spectrum auction, warning that if the company is successful, it will serve to entrench Vodacom and MTN’s “duopoly” – the very thing Telkom claims it wants to avoid.
The Competition Tribunal has given its blessing to investment firm Actis’s acquisition of a controlling stake in Cape Town fibre broadband operator Octotel, and has attached no conditions to this approval.
Vodacom Group hiked its interim dividend by 9.2% to R4.15/share (R3.80 previously) on strong headline earnings growth in the first half of its 2021 financial year and a dividend receipt from Kenya’s Safaricom.
Telkom CEO Sipho Maseko said on Tuesday that the company has briefed its lawyers to “consider and advise” on its available options given its deep unhappiness with Icasa’s invitation to apply for broadband spectrum.
Gijima, the IT services group founded by businessman Robert Gumede, has agreed to acquire the South African subsidiary of T-Systems, the IT services arm of German telecoms giant Deutsche Telekom.
Cell C has net debt, excluding leases, on its balance sheet (prior to a planned recapitalisation) of almost R10-billion, but it still wants to participate in South Africa’s upcoming spectrum auction.
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