In a move set to redefine the future of integrated business solutions in Africa, Albert Oosthuysen, Evotel and Net Nine Nine Group CEO, has officially launched CYNK, a new holding company formed through the strategic merger of five high-impact enterprises across the technology and investment sectors. Albert Oosthuysen CYNK, officially launched on Friday, 11 July…
Maziv is a wholly-owned subsidiary of Community Investment Ventures Holdings. (Photograph by Lesley Moyo) Vodacom and Maziv have today been interrogated by the Competition Appeal Court over why they had bothered to sweeten a potential merger if they were simultaneously appealing a 2024 decision by the Competition Tribunal prohibiting their multibillion-rand deal. Advocate Jerome Wilson,…
Under the deal, Vodacom is looking to acquire a 30% stake in the newly-created Maziv. While the Competition Commission (CompCom) recently put the R14 billion merger deal between Vodacom and Maziv back on the table, smaller internet service providers (ISPs) are still concerned about the implications of competition on their businesses. Earlier this month, the…
MultiChoice headquarters in Randburg, Johannesburg. Canal+ and MultiChoice have committed an additional R2 billion to public interest initiatives in South Africa, as part of a growing list of undertakings tied to their proposed R30 billion deal. The funds cater for commitments that include increased support for local content production, supplier development, and the establishment of…
