BluEnergy Trading, a subsidiary of JSE-listed Blue Label Telecoms, has been granted a multi-year energy trading licence by the National Energy Regulator of South Africa (Nersa). This landmark authorization allows the group, historically recognized for its prepaid airtime distribution and its majority stake in mobile operator Cell C, to officially buy and sell electricity. The…
Jonas Bogoshi to retire from role as CEO of BCX. Jonas Bogoshi will retire from his role of CEO at IT services company BCX, Telkom announced today. His retirement will see Hasnain Motlekar, a long-serving executive within the Telkom Group, become acting chief executive, effective 1 March. In a trading update, JSE-listed Telkom says focused…
The Competition Commission has approved a deal that will see Open Access Data Centres expand its local footprint through the acquisition of a portfolio of data centre facilities from NTT Data – subject to public-interest conditions. The transaction involves Open Access Data Centres, through its subsidiaries OADC Propco and OADC Opco, acquiring certain data centre…
An internet service provider entrepreneur at work. Tech Credit Fund, a subsidiary of Solcon Capital, has launched a credit fund to support black-owned internet service providers (ISPs) and accelerate broadband connectivity in SA’s townships and rural communities. Solcon Capital is businessman Andile Ngcaba’s global investment firm. According to a statement, the credit fund will provide…
