The Competition Commission concludes that the transaction is unlikely to lessen or prevent competition.
The industry players say the reviewed deal gives Vodacom extensive influence over SA’s largest open-access fibre infrastructure through Maziv.
The company has entered into an agreement to buy the Great Lakes Data Racks & Cabinets family of companies for $200 million.
ACI Worldwide will host an executive roadshow in Johannesburg on 24 July.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
Gauteng’s Department of e-Government will put its R1.5 billion budget towards continued digital transformation efforts in 2025/26.
South Africa’s electronic transactions rose to R1.36 trillion last month, signalling an economic uptick, says BankservAfrica.
Despite the dip, analysts and major investment houses remain confident the bullish momentum is not over.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
The deal’s structure allows shareholders to benefit from potential future income streams, with payments linked to performance up to 2034.
The company looks to broaden its merchant partner ecosystem and venture into new markets on the continent.
The company has identified six key projects from a pipeline of 150 concepts, with R8 million deployed to date to bring these solutions to market.
The draft policy direction on the role of equity equivalent investment programmes in the ICT sector receives over 19 000 submissions in the public consultation process.