An order has been granted by the High Court, declaring the Takeover Regulation Panel ruling against the deal as unlawful and unconstitutional.
The Naspers and Prosus boards unanimously approve the decision to appoint Nico Marais as chief financial officer of both firms.
The firm believes another court may come to a different conclusion, “as there are material errors and omissions” in the judgement.
Founder Alan Knott-Craig Jr shares his plans for Fibertime, as well as the challenges he has faced in his bid to connect South African townships.
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.
Taylor most recently served as senior VP of Group Commercial Strategy at Cloud Software Group.
The bank’s overall IT expenses, including IT salaries and outsourced resources, for the financial year ended February, increased by 28%.
The company plans to deepen its AI investment and collaborate globally to accelerate digital and intelligent transformation across industries.
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 fintech investment platform announces an investment in South African fintech company DigiSquad for an undisclosed sum.
The High Court found the tender process to be flawed and ruled in favour of Datacentrix, which previously held the contract and challenged the award.
Minister Parks Tau extends the period for completion of the Media and Digital Platforms Market Inquiry and the final report by four months, setting the new deadline for 22 August.
The agency confirms the old age grant will be paid as usual in May, contrary to fake social media posts and screenshots posted online.
After 40% year-on-year customer growth, the digital-only financial player aims to gain 100 000 new clients and expects to break even by 2027.