John King has bought R923?615 worth of stock in the company on the open market.
The mobile operator will seek regulatory approval for the buyout, once all discussions have been put to bed.
The listed group is looking to new markets to boost its revenue, and believes it has the right strategy.
Shares in the group ended Monday on a new 52-week high, after earnings leapt 68%.
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.
The group substantially narrows its loss from continuing operations in the first half of the year.
Profit after tax is expected to be between $64?million and $69?million for the full year.
Skyrove spins off Viento so it can focus on its core business of providing prepaid Internet access and branded hotspots.
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
Pinnacle has no influence over operations at Datacentrix, despite Pinnacle owning a large stake in the latter company.
Takalani Tshivhase will be on leave until criminal proceedings related to an alleged bribe are wrapped up.
Shares in JSE-listed Pinnacle lost another 24% today after one of its directors was arrested.
A financial service provider has partnered with The Innovation Hub in new challenge on OpenIX.
The company's stock lost 25% at the close of trade after it revealed a director had been charged with bribing a member of the police.