Altron suspends executives at subsidiary Altron Nexus

Three senior executives of Altron Nexus, a subsidiary of JSE-listed technology company Altron, have been placed on precautionary suspension following an investigation that has revealed potential internal irregularities. After receiving information from a...

Commvault acquires Hedvig

Commvault has entered into a definitive agreement to acquire software-defined storage (SDS) innovator, Hedvig, for total consideration of $225-million, which includes the purchase price and ongoing employee retention. Gartner expects that, by 2023, software-defined...

Ricoh joins coalition tackling inequality

Ricoh has joined a group of international companies that have pledged to tackle inequality and promote diversity in their workplaces and supply chains. Emmanuel Faber, Danone chairman and CEO, spearheads the Business for Inclusive Growth (B4IG) coalition and unites 34...

Transaction Capital to list on A2X

Transaction Capital Limited’s shares, with a market cap of R13,5-billion, has been approved for a secondary listing on A2X Markets, and will list on Tuesday, 10 September 2019. Transaction Capital is an active investor in and operator of credit-orientated...

Waspa welcomes new communications chief

South Africa’s Wireless Application Service Providers’ Association (WASPA) has a new board member responsible for the non-profit’s communications and membership portfolio. Sipho Bengu was recently-elected to the governing body that represents the...

Multichoice declares R1,5bn Phuthuma Nathi dividend

MultiChoice South Africa (MCSA) has declared a dividend to Phuthuma Nathi (PN) shareholders of R1,5-billion, an increase of 13,6% from 2018. The additional 5% share allocation given to PN, as part of MultiChoice Group’s (MCG) listing, contributed to the increase...