Araxi shareholders approve Pay@ deal

Araxi shareholders approve Pay@ deal

Araxi chief executive Bradley Sacks. JSE-listed fintech firm Araxi, formerly known as Capital Appreciation, has announced its shareholders voted and overwhelmingly approved its acquisition of 80% of the shares in the Pay@ Group. Araxi also said the competition authorities recently approved the transaction, which is expected to close during May. Pay@ is a payment aggregator…

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MultiChoice rejects anti-competitive claims over Altech deal

MultiChoice rejects anti-competitive claims over Altech deal

The Competition Commission has referred a complaint against MultiChoice SA and Altech to the Competition Tribunal for prosecution. Pay-TV giant MultiChoice has rejected allegations of wrongdoing in its set-top box deal with Altech, dismissing claims that the agreement was anti-competitive. This, after the Competition Commission yesterday referred a complaint against MultiChoice South Africa and Altech…

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