IFS posts strong Q1 results

IFS has announced its financial results for the first quarter to March of 2021. After a strong 2020, Q1 results point to a continuation of the growth trajectory across the entire business and specifically in recurring revenue, cloud revenue and service management...

Absa appoints chief risk officer, group treasurer

Absa Group has appointed Deon Raju as chief risk officer, with effect from 1 June 2021. Raju is currently Absa Group treasurer, primarily responsible for the liquidity risk, funding, capital, and non-traded market risks of the group. He has been with Absa for more...

NAS and Colossal Africa to acquire SA’s BidAir Services

National Aviation Services (NAS), Colossal Africa and a consortium comprised of the current executive management team have signed an agreement to acquire BidAir Services from the Bidvest Group. The closing of the acquisition is subject to fulfilling final requirements...

Altron declares special dividend

As part of the Bytes Technology Group demerger in November 2020, Allied Electronics (Altron) retained approximately 9% of the convertible notes in order to settle the dividends tax which arose on the distribution. At the time of the distribution, Altron had estimated...

Evotel shares wealth with Welkom community

Fibre network operator (FNO) Evotel is making a significant contribution to the Welkom economy through its investment in employing local sub-contractors and labourers to build its fibre network infrastructure in the town and surrounding areas. The company is busy...

SA mobility company certified carbon-neutral

South Africa-based Planet42 has become the first mobility company in Africa to receive CarbonNeutral certification under The CarbonNeutral Protocol. The company helps the underbanked population get access to cars with its socially inclusive car subscription service....