CIPC clarification on virtual AGMs good news for participation

An Annual General Meeting (AGM) of a company that restricts shareholders to use only text-based communication does not constitute an AGM for the purposes of the Companies Act 71 of 2008. This is according to the legal opinion of the Companies and Intellectual Property...

Absa acquires minority stake in agritech start-up Khula!

In line with its strategic intent to be a digitally-powered business that is committed to transformation, Absa Bank has acquired a minority stake in the agritech start-up, Khula! App. Through its award-winning app, Khula! has built an ecosystem of three platforms that...

Boniswa Corporate Solutions scoops Africa Tech Week award

Telecommunications services provider Boniswa Corporate Solutions has won two awards at Sentech Africa Tech Week awards. The are the Africa Tech: Technology Company of The Year Award, an award that celebrates companies that have created and delivered an outstanding...

PSG Konsult is changing its name

Financial services group PSG Konsult is seeking approval to change its name to PSG Financial Services. The proposed change, which is subject to regulatory and shareholder approval, is aligned to the firm’s growth aspirations. “In the 25 years since being...

Payment24 expands into new geographies, industries

Payment24 has significantly expanded operations and acquired several new logo clients as it diversifies its business beyond a provider of solutions for the fuel industry and banks only. In support, the company has also announced the significant global expansion of its...