Datatec CEO Jens Montanana Datatec is bringing in General Atlantic – a major global growth equity firm – as a minority investor and lender in Westcon-Comstor, its networking and cybersecurity distribution arm. The deal values Westcon at US$950-million (roughly R15.5-billion) and generates about $434-million (R7.1-billion) in cash for Datatec, which it intends to pay out…
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…
The approval came as Donald Trump is to attend a dinner with billionaire Paramount backers the Ellisons.
Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled “Transforming Business through AI” in Tokyo, on Feb. 3, 2025. Tomohiro Ohsumi | Getty Images With Anthropic gaining momentum in the booming AI market, OpenAI sent a memo to investors this week slamming its chief…
In the bustling terminals of Entebbe International Airport, frustration has become as common as departure announcements. Uganda Airlines, the country’s revived national carrier, has in recent months been plagued by setbacks that mirror the wider struggles of African aviation. Just this month, passengers traveling to Dubai and other destinations were stranded for days following technical…
MTN Zakhele Futhi’s only asset is MTN shares. As MTN’s empowerment vehicle – MTN Zakhele Futhi – draws nearer to delisting, shareholders are still disgruntled due to a lack of returns since it made its debut a decade ago. The empowerment vehicle – which trades under share code MTNZF – this week said it had…
Naspers units like Takealot were trading at a discount . Naspers’ fourth share split in its history is already showing positive momentum, with the stock up almost 4% over five days at its post-split price. The company’s move is aimed at boosting liquidity, making it easier for more investors to buy and sell the shares….
Naspers has continued with its share buyback programme. Following digital giant Naspers’s latest announcement that it has bought back R564.4 million worth of shares, ITWeb calculates that it has now spent R130 billion returning value to shareholders. Naspers, with a current share price of R581.17, has long derived most of its value from its 24%…
Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters Intel on Monday warned of “adverse reactions” from investors, employees and others to the Trump administration taking a 10% stake in the company, in a filing citing risks involved with the…
