Convergence Partners, the investment vehicle created by businessman Andile Ngcaba, has acquired Ctrack’s operations in Africa and the Middle East from Nasdaq-listed Inseego.
Browsing: Convergence Partners
Andile Ngcaba, the former chairman of Dimension Data Middle East & Africa, is suing the company over alleged racial discrimination and after it allegedly violated an undertaking over equal pay.
Dimension Data has sold its iconic office complex in northern Johannesburg, known as The Campus, to a consortium of black women investors, and announced a major employee share scheme.
Seacom, which operates an undersea cable that connects Africa to Europe and Asia, is not commenting on speculation that it is in talks to buy South African fibre provider FibreCo Telecommunications.
Long-distance South African fibre provider FibreCo Telecommunications plans to connect towns on its national backhaul routes, and will start with Kroonstad in the northern Free State, it said on
Dimension Data said on Wednesday evening that it is “delighted” with a ruling by the Commission for Conciliation, Mediation and Arbitration against the former chairman of its Middle East & Africa operation