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Vodacom shareholders green light R41bn Vodafone Egypt acquisition

18 Jan 2022 /  Akhona Matshoba
CEO says the move will play a significant role in transforming the telco into a tech company.

Investec to offer private bank clients solar-power financing

18 Jan 2022 /  Antony Sguazzin, Bloomberg
Bolstering its own green credentials and providing a power solution in a country regularly hit by electricity outages.

Retrenchments hit Dark Fibre Africa

18 Jan 2022 /  Duncan McLeod
CEO Andries Delport declined to say how many employees will be affected by the restructuring, saying exact numbers will be determined through the consultation process.

Old Mutual confident of legal win over Moyo

18 Jan 2022 /  Adriaan Kruger
Maintains the former CEO's investment company owes it R233m.

Coca-Cola launches new African sustainability platform, Jamii

17 Jan 2022 /  Akhona Matshoba
Focusing on key sustainability aspects such as water stewardship, waste management and economic empowerment on the continent.

Fledge Capital announces 25% investment in USN sports nutrition brand

17 Jan 2022 /  Palesa Mofokeng  
Adds to its R2.3bn investment portfolio.

How much Capitec’s departing CFO’s shares are worth

17 Jan 2022 /  Moneyweb
André du Plessis leaves with quite a tidy stake in the bank …

Alibaba’s grocery chain Freshippo considers funding at $10bn value

15 Jan 2022 /  Bloomberg News
Deliberations are ongoing and there’s no certainty they will lead to any transaction.

Mozambique court clears Standard Bank unit CEO of forex charges

14 Jan 2022 /  Borges Nhamire, Bloomberg
In a separate judgment, the court upheld the Banco de Mocambique’s finding that the South African lender was operating a payment system based outside the country without central bank approval. 

Akani’s R1.1bn acquisition of Nicolway Shopping Centre

13 Jan 2022 /  Palesa Mofokeng
Real estate researchers say the property management company has secured a good asset.

SA digital marketing company to benefit from Twitter investment

13 Jan 2022 /  Akhona Matshoba
Twitter’s partnership with US-based Aleph Group promises to accelerate the growth of digital marketing and education on the continent.

Capitec CFO and co-founder, Andre du Plessis to retire after over 20 years

12 Jan 2022 /  Akhona Matshoba
A transition plan is in place to usher in Grant Hardy as the group’s new CFO.

Mteto Nyati resigns as CEO of Altron

12 Jan 2022 /  Duncan McLeod
Altron said its board nominations committee has started the process to find a successor.

Naspers’s second-hand car trading venture

12 Jan 2022 /  Adriaan Kruger
Having access to a personal car could change your life in a city like Johannesburg: Eerik Oja.

Just how broken is Massmart’s Game?

12 Jan 2022 /  Moneyweb
Sales are down by a shockingly large number, but the devil is in the detail …

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