The telco will sell its controlling stake back to Afrihost for R325 million, after buying the 50.02% shareholding less than two years ago for R408 million.
Outgoing CEO Teddy Daka tells ITWeb how Ansys evolved from a niche black box manufacturer into a nearly half-a-billion-rand business.
The group plans to add another eight million customers to its current 232.6 million total, with 1.1 million to be added in SA.
The acquisitive company has bought a 25% holding in ProximityID, targeting the advertising industry.
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.
MTN Nigeria's hefty fine, along with under-performance from MTN SA, resulted in an interim headline loss per share of 271c for the group.
South African Enterprise Development will form part of the company's long-term strategic vision of international expansion and national growth.
First National Bank sets up a shipping container to act as a mobile bank for Tembisa residents.
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
Machine learning spend in fintech is advancing rapidly, driven by analytics and accessible computing power.
The CEOs of three of SA's major telecoms operators walked away with almost R77?million between them in the past financial year.
The South African short-term insurance sector's slowness to embrace digital technologies will result in it losing billions, says Accenture.
The blogging platform will allow users to make money off the optional ads placed on their blogs.
A task team has been established to drive the company towards a Nigerian listing, as promised as part of its hefty fine settlement.