Italy buys rare Caravaggio portrait for €30m
The purchase is part of wider plans to prevent major artworks from being bought by private collectors.
Tag: buys
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MTN makes a bold u-turn and buys back its own towers
In a move that fundamentally reshapes the African telecommunications landscape, MTN Group has agreed to acquire the remaining shares of IHS Towers that it does not already own. The deal, valued at approximately $2.2 billion (R35.3 billion), will see Africa’s largest mobile operator seize full control of nearly 29,000 towers across the continent. This transaction…
iOCO buys back R9.38m shares
iOCO co-CEO Rhys Summerton. (Photograph supplied) iOCO, formerly known as EOH, has continued to return capital to shareholders after repurchasing a further 2.34 million shares in the open market. In a notice to shareholders, the JSE-listed IT services group said it repurchased 2 344 669 ordinary shares between 29 November 2025 and 31 December 2025. …
Consortium buys SA digital tax assistant TaxTim
Evan Robinson, technical co-founder and now head of product at TaxTim. TaxTim, a South African-based digital tax assistant, has been acquired by a private consortium, led by Twofold Capital, for an undisclosed amount. The consortium, which includes Stellenbosch-based technology group Octoco, provided a successful exit for TaxTim’s non-operational shareholders and a partial exit for co-founder…
Nedbank buys iKhokha in R1.65bn deal to boost SME services
Nedbank has agreed to acquire Durban-based fintech iKhokha for R1.65bn in an all-cash deal. The transaction, which is subject to regulatory approval, is expected to be finalised in the coming months. According to a statement cited in a MyBroadband report, the bank said the acquisition will allow it to merge iKhokha’s payment technology with Nedbank’s…
Stolen phone? Samsung now buys you an hour to lock it down
Samsung Electronics has unveiled a raft of new security features to help users of its smartphones combat theft, especially in scenarios such as smash-and-grabs or pickpocketing. The first of the new features makes use of location data to detect when a device is in an unfamiliar location and automatically adds a layer of biometric authentication…