Court approves Avaya restructuring plan

The United States Bankruptcy Court for the Southern District of New York has confirmed Avaya’s second amended chapter 11 plan of reorganization. As a result, Avaya expects to emerge from its restructuring process before the end of this year. “The...

Rapelang Rabana to join BCX

BCX has appointed Rapelang Rabana as chief digital officer. “We are excited that Rapelang is joining us,” says Ian Russell, CEO of BCX. “Rapelang is a true maverick and disruptor. She has done truly amazing work to advance technology in this country,...

Altron sells off Powertech Transformers

JSE-listed Allied Electronics has reached an agreement to dispose of its 80% interest in Powertech Transformers Proprietary Limited (Powertech Transformers) to a B-BBEE consortium comprising of Europe’s number one medium-sized manufacturer of transformers,...

Jasco acquires Reflex stake

Jasco has acquired a 51% share in Reflex Solutions, a specialist in IT managed services, hosted IT infrastructure, cloud services and fibre-to-the-X (FTTX) solutions. This move will bolster the Jasco Enterprise offering, enhancing its existing services and solutions...

Nedbank issues BEE affidavits, certificates

Nedbank is offering business registrations together with black economic empowerment (BEE) affidavits or certificates, endorsed by the Department of Trade and Industry (dti), in one seamless process for new businesses with an annual turnover of less than R10-million....

New financial director for BDS

Bytes Document Solutions (BDS) has announced the appointment of Vivek Venkatkumar as its new financial director. Venkatkumar succeeds Perry Hurri, who, after 44 years with Xerox and BDS, will be retiring. A chartered accountant, Venkatkumar has an established career...