iOCO co-CEO Rhys Summerton. (Photograph supplied) Listed technology company iOCO is reducing its debt over time, having substantially trimmed its bank loans before pursuing acquisitions, with three potential deals already identified. For the first time in three years, iOCO reported strong operating cash flows with focused resource and capital allocation, while also reducing short- and…
French Prime Minister Sebastien Lecornu has survived two confidence motions, just days after he appointed his new government in time to submit a draft budget to parliament in a bid to end the political turmoil that has gripped the country for months. A motion sponsored by Marine Le Pen’s far-right National Rally and its allies…
Maziv CEO Dietlof Mare Maziv, the fibre network operator in which Vodacom is buying a 30% co-controlling stake, wants to connect the more than 8 000 cellular base stations in South Africa that are not already connected to fibre infrastructure. CEO Dietlof Mare told Digital Council Africa’s Conext Digital Infrastructure Investment Summit in Sandton on Thursday…
Optasia CEO Salvador Anglada Technology-driven microfinancing specialist Optasia, which on Wednesday announced its intention to list on the JSE, aims to undertake a primary issuance worth about R1.3-billion to support organic growth and acquisitions. Speaking to TechCentral in an interview on Wednesday, Optasia CEO Salvador Anglada said the listing is meant to raise capital to…
Fintech firm Optasia has set sights on listing on the JSE. Financial technology (fintech) firm Optasia has set sights on listing on the JSE. In a statement today, the company announced it is proposing to undertake a primary issuance of approximately R1.3 billion ($75 million equivalent) to support growth, both organically and through future potential…
Government is looking to develop a register for all drones that are operated, distributed or sold in South Africa. The transport department has published a draft document for public comment proposing that all drones – or remotely piloted aircraft systems (RPAS), as it calls them – must be registered. Currently, the South African Civil Aviation…
The V60 Lite 5G is Vivo’s latest new device in the South African market. Chinese original equipment manufacturer (OEM) Vivo is aiming to clinch a top three spot in SA’s postpaid smartphone market, as it looks for bigger market share locally. This is according to Tony Shi, general manager of Vivo SA, speaking at the…
Mmamoloko Kubayi, minister in the Department of Justice and Constitutional Development. While corporate SA is said to be leading the charge in artificial intelligence (AI) integration, South African government departments are taking notes in hopes of following suit. The Department of Justice and Constitutional Development (DJCD) is working with the SA Law Reform Commission and…
JSE CIO Tebalo Tsaoeli Changing the JSE’s operating cycle from the current nine hours (9am-5pm on weekdays) to 24/7 trading would require changes to the local bourse’s operating model to account for the technological resources currently not available after hours, according to JSE CIO Tebalo Tsaoeli. Business Day in July reported (paywall) that the JSE…
Intel CEO Lip-Bu Tan. Japanese-based multinational conglomerate SoftBank and US-based chipmaker Intel have signed a definitive securities purchase agreement, under which SoftBank will make a $2 billion investment in Intel common stock. In a joint statement, the organisations say the investment comes as they deepen their commitment to investing in advanced technology and semiconductor innovation…
