Blue Label Ventures invests in Mobii Systems

Blue Label Ventures, the venture capital and private equity arm of JSE-listed Blue Label Telecoms, has invested in Cape Town-based technology startup Mobii Systems, a deal that will see Blue Label take up 26% of Mobii. “Blue Label Ventures identifies and invests...

Boost for African online travel

South African travel booking platform Travelcheck.co.za is optimistic about growth in the local online travel market, and CEO Odette Faling believes conditions are primed for new entrants to make their mark in an industry by creating new ways of booking such as...

Paratus Namibia raises capital through rights issue

Paratus Namibia has raised N$50-million to continue with its aggressive infrastructure rollout in Namibia. As part of a rights issue transaction, Nimbus Infrastructure Limited has subscribed for 24 398 ordinary shares to be issued from the authorised shares of Paratus...

Lenovo jumps 28 spots on 2019 Fortune Global 500 list

Fortune has ranked Lenovo at number 212 in this year’s Fortune Global 500 list of the world’s largest companies by revenue, up from number 240 on the 2018 annual list. Jumping 28 spots in the rankings, Lenovo’s $51-billion in annual revenue puts the...

New GM for ITBusiness

ITBusiness (ITB), part of the Knowledge Integration Dynamics (KID) group, has appointed Chris Pallikarides as its new GM with effect from 1 July this year. With a 14-year background in the IT sector, Pallikarides has worked at companies such as tdglobal, Axiz and...

Altron Karabina appoints Western Cape lead

Microsoft technology partner, Altron Karabina has appointed Marc Fletcher as its new territory lead for the Western Cape. Fletcher joined the company in 2017 in a business development role and has been focused on growing the Western Cape’s data, planning and...