Huawei ends 2018 on a high note

Huawei maintained strong business growth in 2018, with sales revenue rounded off at CNY721,2-billion, up 19,5% year-on-year, and net profit of CNY59,3-billion, up 25,1% year-on-year. In 2018, Huawei invested CNY101,5-billion (14.1% of its sales revenue) in R&D,...

Altron appoints risk and compliance exec

Altron has announced the appointment of Sayeeda Khan as group executive: risk and compliance, with effect from 1 April. “We see corporate governance, positive control posture and compliance as a critical foundation for our growth strategy. It is for this reason...

Altron appoints chief financial officer

Altron has announced Cedric Miller as chief financial officer (CFO). Miller, who will join the technology Group on 1 May 2019, has more than 27 years’ financial and accounting experience, having worked extensively in global investment and retail banking. Mteto...

Crossfin invests in SME funder Retail Capital

Crossfin Technology Holdings has announced its investment into Retail Capital, a South African provider of alternative business funding to the SME sector. The deal consists of a significant minority interest in Retail Capital. Anton Gaylard, chief operating officer...

SA payments processor boosted by global investment

Financial Software and Systems (FSS), a global digital payment and financial technology company, has made a strategic investment in South African payments company Ecentric Payment Systems to accelerate growth momentum into Africa. FSS has acquired a 46% stake in...

Blue Label Telecoms remains resilient

Blue Label Telecoms has posted interim results for the period to 30 November 2018. It recorded revenue of R12,3-billion, with effective gorss revenue increasing by 7% when “PINless top-ups”, prepaid electricity and ticketing are included. The group saw an...