The US$5 million stake positions both companies to capitalise on the rapidly growing M2M market.
For financial institutions to keep too much cash-on-hand is extremely costly.
Telkom reconfigures its organisational structure to ensure it focuses on critical success areas.
Today's wage talks will determine whether thousands of Telkom staff will down tools.
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.
Arrie Rautenbach,?head of Absa Bank's retail arm,?took the award.
Currency fluctuations mean that, in dollar terms, spending will only gain 2% this year.
The market is unmoved, despite the return to profitability in the first half of the year.
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
Company closes its initial public offering of 4 705 880 Class A ordinary shares at $17.00 per Class A ordinary share.
The company expects higher earnings in the full year.
Shareholders will vote on the R47.50 a share deal on 12 July.
Luxoft Holding will offer 4 092 070 Class A ordinary shares at $17 each and will trade on the New York Stock Exchange.
Gijima raises R150 million to put into working capital and growth plans.