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....

Local fintech gets international funding

Homegrown fintech startup Payflex has scored a vote of confidence from an Australian-listed multinational. Payflex is backed by Zip Co, a buy now pay later player with a market cap of over R55-billion. Paul Behrmann, Payflex CEO and founder, says the investment and...

MIP introduces international outsourcing team

Specialist software company MIP has introduced an international outsourcing team. With Covid-19 pushing the boundaries of digital innovation, MIP has found its digital stack to be a prime solution for companies wanting to bridge the gap between securing legacy...