T-Systems in SA restructure

T-Systems in South Africa has announced the restructuring of its minority shareholding, in line with the BEE Codes of Good Practice. In addition, far-reaching changes to the board will further drive transformation in line with the company’s aim of both internal and...

Net 1 UEPS signs up BEE partners

Net 1 UEPS Technologies has signed relationship agreements with its BEE partners for the issuance of 4,4-million shares, partially restricted as to resale for a period of five years. In terms of the agreements, Net1 will issue 4,1-million shares of our common stock at...

Net 1 posts profit gains, signs BEE deal

Net 1 UEPS Technologies has reported revenue and fundamental EPS for the first quarter of 2014 of $123-million and $0.37, a constant currency increase of 34% and 77%, respectively. In addition, the company has signed a letter of intent to issue 4,4-million shares at...

Aptronics turns 20

South Africa’s foremost black empowered IT solutions provider, Aptronics, has formally celebrated its 20th anniversary milestone – marking two decades since the company first began operating from the garage of founder and CEO, Anil Appie Pema in 1993. Aptronics is one...

500 businesses respond to revised BEE codes

About 500 businesses have submitted comment to the DTI’s proposed revised BEE codes released in October 2012. Keith Levenstein, CEO of EconoBEE, a BEE advisory firm, says the radical ideas in the proposed codes and lack of communication from the DTI left businesses...