MTN, CWU agree on salary increases

Following months of protracted negotiations, MTN and the Communications Workers Union (CWU) have signed a new salary agreement that paves the way for more stability at the workplace. The signing of this agreement comes in the backdrop of a recognition agreement that...

Vantage Capital adds R200m to New GX funds

Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it has provided a R200-million ($13,7-million) expansion capital facility to New GX Capital, a 100% black and family owned investment company. The funds will be used to finance...

WDB, Grovest take stakes in Seed Engine

WDB Investment Holdings (WDB) has taken a 30% stake in Seed Engine, while venture capital company  Grovest has also taken a 27,5% stake in the organisation, which incorporates Seed Academy. Faith Khanyile, CEO of WDB, says its investment brings together a common...

New deputy head: M&A at MTN

The MTN Group has appointed Kholekile Ndamase as deputy head of mergers and acquisitions, with effect from 10 September 2016. Ndamase joins MTN from Rand Merchant Bank (RMB), where he led the equity-based financing business. In this role, he led a team of...

Power outages shake SMEs’ confidence and stability

This year looks set to be another one where South Africans are made to come to terms with load shedding, writes Brandon Bekker, MD of Mimecast South Africa. Amazingly, the looming power cuts have replaced crime to become the number one threat SME businesses fear...

MTN streamlines warehouse operations

MTN SA is streamlining and modernising its Midrand warehouse operations to improve efficiencies and customer service. This is part of a drive to focus on the core business while exploring adjacent growth opportunities. This business model change has resulted in...