Browsing: James Herbst

Telecommunications player Huge Group is considering as many as three acquisitions, with one of them potentially worth as much as US$100m (more than R1,2bn), as it seeks to play a leading role in the consolidation of the industry in South Africa. The company has

JSE-listed telecommunications company Huge Group on Tuesday warned shareholders that it is in discussions about a strategic acquisition, cautioning that the deal is big enough to require their

Huge Group CEO James Herbst and former chairman Anton Potgieter have had fines of R5m levied on each of them by the JSE reduced to R3m following a contestation of the bourse’s decision at the Appeal Board of the Financial Services Board. In November 2009, the JSE imposed the fines after it

Alan Knott-Craig has played his first card since being appointed as CEO of Cell C on 1 April. The operator has released a new least-cost routing (LCR) product, called LCRAnyNet, that Knott-Craig says will “reduce the cost of telecommunications for business and will bring down the barrier for small

Despite turning in a R16,9m loss in the financial year to 28 February 2011 and facing a R30m lawsuit from MTN, JSE-listed telecommunications specialist Huge Group says it is confident it will survive the

The JSE said on Monday that telecommunications company Huge Group had 10 days to release its results or face suspension of termination of its listing. Huge Group was meant to publish its results by the end of May. The JSE warned that Huge Group and

There is no link between the decision by Huge Group acting financial director Yvette Neveling to resign and its announcement just hours later that the company has failed to publish in 2011 financial results within the deadline prescribed by the JSE, says CEO

Huge Group trumpeted in a press release on Thursday about how it has turned around its fortunes financially, reporting a profit in the six months to 31 August 2010. But a closer reading

In the past 12 months, AltX-listed Huge Group’s share price has defied gravity, soaring nearly 400%, making it one of the best performing shares on the JSE. At face value, though, the share’s sterling performance makes little sense.

Anton Potgieter has handed over his position as chairman on Huge Group to Stephen Tredoux, a former MTN executive. Potgieter will remain as executive director and will stay on as MD of the group’s mobile