Since it started operating in October, the biggest breakthrough for South Africa’s A2X Markets for secondary listings came on a Monday in April. That was when shares in Sanlam, the largest South African-based
Public protector Busisiwe Mkhwebane has ignited a flaring grass fire with recommendations around a R1.2bn bailout paid to a local bank between 1986 and 1995. Known as the Bankorp/Absa lifeboat
Billionaire Patrice Motsepe, along with two former Sanlam veterans, have officially launched a new money management firm called African Rainbow Capital. Motsepe, who is chairman
Metrofibre Networx, the fibre broadband company led by former Absa CEO Steve Booysen, has secured a new shareholder in the form of African Rainbow Capital (ARC), whose directors include billionaire Patrice Motsepe and former Sanlam CEO Johan van Zyl
Vodacom, the top-rated company in the Reputation Institute’s annual National RepTrak Pulse survey last year, has fared “particularly poorly” in the 2014 edition of the survey, falling to sixth position and behind rival MTN. The survey found that there has been a “bloodbath” in company reputations, with the exception
The Kenyan government is ditching proprietary software in favour of free and open-source software alternatives in a move it hopes will save it money. According to a report in Business Daily, the migration away from proprietary systems will related costs go down by 20% initially but by as much as 80% within three
Barely a decade after he sold his Cape Town Internet security business Thawte Consulting to the US’s Verisign for US$575m, software billionaire Mark Shuttleworth has hit pay dirt again in this week’s acquisition by Visa of local mobile
Mustek has pulled the plug on a plan to delist from the JSE. A consortium led by CEO David Kan and the Trinitas Private Equity Fund had wanted to execute a management buy-out of the technology company and take it private. Kan says during the preparations
A decline in revenue was not enough to stop JSE-listed IT services group GijimaAst from reporting a 33% leap in normalised headline earnings per share in the six months to 31 December 2009. It has amassed R623m in cash and declared an interim maiden dividend of 2,5c/share. It’s a significant turnaround for an IT group that little more than five years ago was in dire financial straits