Naspers invests in mobility technology company

Naspers announced a R42-million ($3-million) investment in Cape Town-founded, WhereIsMyTransport through its early-stage tech investment vehicle. The investment is part of a R201-million ($14,5-million) funding round led by Naspers Foundry, Cathay AfricInvest...

Nedbank CIB acquires stake in healthtech firm

Nedbank Corporate and Investment Bank (CIB) has invested in a minority equity interest in LifeQ Global (LifeQ), a healthtech company and provider of biometrics and health information derived from wearable devices. The data collected by LifeQ is used by health...

ProfitShare Partners appoints new CFO

ProfitShare Partners has appointed Michael Kransdorff as its chief financial officer (CFO) from 1 June 2021. Kransdorff’s was awarded his Masters in Tax from Wits. His global experience has also includes a Masters degree from Harvard University, specialising in...

New vice-president, MD for 3M Middle East and Africa

3M has announced the appointment of Laszlo Svinger as its new vice-president and MD: Middle East, and Africa. In his role, Svinger will oversee the strategic expansion and sustained growth of 3M across the region. Svinger’s business development and management...

Adapt IT and Volaris issue circular on proposed transaction

Adapt IT Holdings and Volaris Group have issued a joint circular to shareholders of Adapt IT detailing the cash offer by Volaris to acquire up to 100% of the issued shares of Adapt IT as announced on 7 April 2021. The circular contains details of the rationale for the...

Altron CFO resigns

Allied Electronics (Altron) has announced the resignation of Cedric Miller, chief financial Officer and executive director of the board, effective from 30 June 2021. Miller will continue to support the group until 31 July 2021, during which time he will provide a...