MTN moves closer to full IHS takeover

MTN moves closer to full IHS takeover

MTN has approximately 24.7% shareholding in IHS. MTN Group has moved a step closer to taking full ownership of telecommunications tower operator IHS Towers, after shareholders of the infrastructure company approved the proposed acquisition at an extraordinary general meeting (EGM). The JSE-listed telecommunications group today announced that IHS shareholders voted in favour of the transaction…

Read More
Gambling Bill edges closer amid calls for crackdown

Gambling Bill edges closer amid calls for crackdown

The Department of Trade, Industry and Competition wants an updated National Gambling Bill in front of Cabinet this year. (Image created by GenAI) The National Gambling Amendment Bill – in the works since 2018 – is before Parliament to be finalised as the industry calls for urgent action rather than more talk about blocking illegal…

Read More
Shoprite jobs platform hires workers closer to home

Shoprite jobs platform hires workers closer to home

Shoprite Group has developed and deployed a centralised digital recruitment platform that is already changing how South Africa’s largest private employer sources employees. Built in partnership with local technology SME, OTB Group, and supported through Shoprite’s enterprise and supplier development arm, Next Capital, the system matches job applicants to vacancies in stores closest to their…

Read More
South Africa a step closer to getting a national payments utility

South Africa a step closer to getting a national payments utility

The Competition Commission has recommended that the Competition Tribunal approve the South African Reserve Bank’s proposed acquisition control of BankservAfrica – and has done so without attaching any conditions. The transaction will see the central bank take sole ownership of the payments clearing house, which plays a critical role in processing interbank transactions. BankservAfrica is…

Read More