Trump strikes US deal to buy 10% of Intel

Trump strikes US deal to buy 10% of Intel

US President Donald Trump. Image US President Donald Trump said on Friday that the US would take a 10% stake in Intel under a deal with the struggling chip maker that converts government grants into an equity share, the latest extraordinary intervention by the White House in corporate America. The deal puts Trump on better…

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Vodacom cleared to buy Maziv after three-year battle

Vodacom cleared to buy Maziv after three-year battle

After more than three-and-a-half years of regulatory wrangling, Vodacom South Africa has finally been given the green light to acquire a co-controlling 30-34.95% stake in fibre operator Maziv, TechCentral has learnt. Maziv, which owns Vumatel and Dark Fibre Africa, will now get billions of rand in new capital flowing into its coffers that will allow…

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Homeowners: Should you Sell First or Buy First?

Homeowners: Should you Sell First or Buy First?

If you’re a homeowner thinking about upscaling, downsizing or relocating, you’re likely facing one of the most common dilemmas in the property journey: Should you sell your current home before buying a new one, or buy first and then sell? Both options come with their own benefits, risks and timing considerations. To help you navigate…

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TymeBank gets green light to buy Sanlam’s loan portfolio

TymeBank gets green light to buy Sanlam’s loan portfolio

As of 31 December 2024, TymeBank had 10.7 million customers. The Competition Commission has recommended unconditional approval of TymeBank’s proposed acquisition of SanlamTyme and a portfolio of unsecured personal loans from Sanlam Personal Loans (SPL). TymeBank, South Africa’s first digital-only bank and majority-owned by Patrice Motsepe’s African Rainbow Capital (ARC), now holds deposits nearing R7…

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Lesaka Technologies to buy Bank Zero in R1.1-billion deal

Lesaka Technologies to buy Bank Zero in R1.1-billion deal

Lesaka Technologies has agreed to buy the digital bank chaired by former FNB CEO Michael Jordaan for R1.1-billion. Jordaan announced the acquisition in a post on social media late on Thursday evening. “So Lesaka Technologies Inc bought @BankZeroSA for R1.1-billion. Lot of regulatory approvals still needed, but both teams are excited about the merger synergies,”…

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