Under the deal, MTN will provide additional telecommunications services to the Huge Group of companies.
The company acquires a shareholding in Pansmart, giving it control of a distributor of Panasonic's voice, video and CCTV products.
Huge Group is acquiring independent telco company, Otel, and merging it with its subsidiary Huge Networks.
Huge Group names ex-Virgin Mobile financial director Samantha Sequeira as its new chief financial officer with effect from 25 March.
Rob Burger becomes permanent managing director of Huge Telecom, following a period of occupying the position in an acting capacity.
The former MTN SA CEO steps down from his roles as director and CFO of the JSE-listed company.
The JSE-listed group announces the appointment of Andrew Openshaw as its new chief operating officer.
Major acquisitions help boost Huge Group revenue 63% for the year ended 28 February.
The group will become the first telecommunications listing on South Africa's newest stock exchange, A2X Markets.
MiX Telematics, Cartrack and Naspers were the best performing tech stocks on the JSE during the year, while Adapt IT and EOH fared worst.
The company unveils the first wireless full suite telephony service, which is an alternative to traditional copper landline infrastructure.
The former Telkom chief commercial officer joins the company as an independent non-executive director.?