Former First National Bank CEO Michael Jordaan has invested in South African e-book aggregator Snapplify through investment firm AngelHub Ventures. AngelHub is backed by Jordaan and Rand Merchant Bank co-founder Paul Harris
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The Independent Communications Authority of South Africa (Icasa) has written off R75m of the licence fees owed to it by the iBurst parent company, Wireless Business Solutions (WBS), which is entertaining a takeover offer to acquire the
Former top bankers Michael Jordaan and Paul Harris are shareholders in a company that has made an offer to buy Wireless Business Solutions (WBS), the company that owns iBurst and Broadlink, TechCentral has established. Technology company Multisource, in which Jordaan and the Harris family
First National Bank’s tech-savvy CEO, Michael Jordaan, has been appointed chairman of the board of mobile messaging company Mxit. The appointment is effective immediately and, although Jordaan won’t be getting paid in the position and won’t be taking a stake in the company at first, he has the
Another year is almost done and 2012 has certainly been a busy one for South Africa’s technology industry. We know what our favourite stories were in 2012, but which articles did TechCentral’s readers click on the most. This are the pieces, in ascending order from 10 to one, that generated the most reads during
After considerable debate about this list between TechCentral’s editors, we have settled on our South African Newsmakers of 2012. These are the individuals, in ascending order from five to one, who we believe were the most newsworthy in the technology and telecommunications space this year. Also
Mobile social network Mxit has confirmed that it has retrenched more than a quarter of its workforce. Forty-one people from of its 150-strong staff complement were let go as part of a refocusing of its strategy for 2013. The move comes only
Stellenbosch-based mobile social network Mxit is retrenching as much as 27% of its workforce, company insiders say. This comes just months after the exit of CEO Alan Knott-Craig, who also formerly headed up the investment vehicle World of Avatar of which Mxit is part. TechCentral has learnt
Alan Knott-Craig has resigned as CEO of Stellenbosch-based social networking and instant-messaging service Mxit after disagreeing over strategy with major shareholders in the company, who include former FirstRand executives Paul Harris and GT Ferreira. Mxit is 90% owned by