It is expanding its South African footprint with acquisition of the Johannesburg-based interdealer broker.
Zunaid Bulbulia and Duarte da Silva will each invest R 63.75 million to gain a 6.8% shareholding in the JSE-listed company.
The local companies achieved several milestones during 2016 and are upbeat 2017 will bring even better prospects.
The Dube TradePort fibre-optic plant, which received a R150 million investment from a Chinese firm, is up and running after six months of construction.
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.
Huge Group and Blue Label Telecoms top the list of best performing stocks, while Ellies and Mustek's share prices took a beating.
The telecoms giant has repatriated billions of rands out of its Iran business with the help of European banks, people familiar with the matter told Bloomberg.
The company's platform revenues are expected to reach $235 billion by 2021, driven by factors including machine learning and blockchain adoption.
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
Mayor Solly Msimanga wants to get out of the multimillion-rand deal, saying it was entered into by the ANC-led administration unlawfully.
The communications minister was part of a delegation that met with Nedbank to determine why the bank cut ties with a Gupta-owned business.
Property investors raise concerns that regulatory authorities are not prepared for blockchain introduction.
The empowerment scheme plans to terminate its listing on the JSE on Wednesday, after reaching maturity last month.
The bank has acquired a majority stake in Firepay - the company behind the mobile payments product.