AWS bets $2.3bn on Africa, MTN's AI vs data thieves & more | ITWeb Tech Headlines | 7–12 Sept 2026
These are the stories making headlines on ITWeb this week. Consulting firm IQbusiness is balancing a run of targeted acquisitions and offshore expansion into the UK and Middle East with a deliberately cautious approach to AI, with CEO Rob Godlonton warning that companies deploying the technology without solid digital foundations simply generate "AI vomit".
The inclusion of the Connect Group adds $86.2 million to the group’s revenue, with 23% growth in revenue.
The dual-listed company notifies authorities and shareholders of the impeding change to its articles of incorporation.
Competition authorities approve Net1’s acquisition of Ovobix and Luxanio, subject to a set of conditions.
The new entity is expected to increase the spread of ownership by historically disadvantaged people and workers.
JSE-listed Net1 takes control of one of SA’s biggest fintech firms, Connect Group, in a R3.7 billion “transformational” deal.
The listed group is refocusing its efforts in SA, scaling down its international exposure to focus on the local market.
The company appoints David Shimkus to its board as one of the shareholder representatives for Net1, replacing Paul Edwards.
Outgoing CEO Herman Kotzé will remain a consultant for the company until the end of May next year.
The impact of the coronavirus pandemic leads to disruptions in Net1’s day-to-day activities.
The investment firm snaps up a 13% shareholding in Net1, which is reportedly seeking to place subsidiary Cash Paymaster Services under business rescue.
The situation is so dire that the post office is considering shutting down many cash pay points around the country, says City Press.
The mobile operator makes changes to its board, including the appointment of a new chairman and board member representatives.