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Net1 slumps on social grants order

Net1 slumps on social grants order

The share price of Net1 UEPS Technologies plummeted in Johannesburg and New York on Thursday afternoon after the constitutional court ordered that a tender for the management of South Africa’s social grants system be carried out again. The R10bn contract had been awarded to Net1 subsidiary Cash Paymaster Services

Keith Matthews steps down at BT

Keith Matthews steps down at BT

Keith Matthews, MD of BT in South Africa and GM of the UK-headquartered firm’s sub-Saharan Africa region, is stepping down at the end of the month. He will be replaced by a senior technology industry figure on 1 May, but the company is not naming his

Tower firm IHS raises a further $130m

Tower firm IHS raises a further $130m

Fast-growing African tower management company IHS has secured a further US$130m in the second tranche of its latest fund-raising exercise, it said on Thursday. The capital raised is in addition to the $490m of new debt ($70m) and equity ($420m) announced last month and is with existing investors, IHS said. “IHS will use

Questions over what’s next for Autopage

Questions over what’s next for Autopage

Altron is keeping mum about the future of subsidiary Altech Autopage Cellular in the wake of news this week that the cellular service provider’s most direct rival, Reunert’s Nashua Mobile, has decided to sell off its customer base and close up shop. All Altron will say when contacted by TechCentral is that the JSE-listed group

Cape Town signs up broadband partners

Cape Town signs up broadband partners

A R1,3bn, seven-year, government-led project to extend broadband in Cape Town is making good headway, the city said on Wednesday. The city has concluded the first agreements with private-sector service providers, who have taken up spare capacity on high-speed fibre-optic network, a move it said will help drive economic

BCX turns in muted performance

BCX turns in muted performance

JSE-listed technology services provider Business Connexion has reported a slight decline in normalised headline earnings per share of 20,7c in the six months ended 28 February 2014, from 21,3c previously. Revenue for the period was R3,1bn

Mayor Tau promises Joburgers Wi-Fi

Mayor Tau promises Joburgers Wi-Fi

Johannesburg executive mayor Parks Tau has promised that his administration will roll out a thousand Wi-Fi hotspots throughout the city before the end of his five-year mayoral term in 2016. He made the pledge in his state of the city address, which he delivered in Soweto on Monday. “This year will see the completion of the roll-out of our

Pick n Pay to issue Sims to shoppers

Pick n Pay to issue Sims to shoppers

Pick n Pay is expanding its relationship with mobile operator MTN, introducing a new Sim card that will allow consumers to earn free airtime and data when shopping at any of the retailer’s stores. The two companies first forged a partnership in 2010 when they launching Mobile Money, a money transfer

Nashua Mobile staff face uncertain future

Nashua Mobile staff face uncertain future

Retrenchments at Nashua Mobile are inevitable following the decision to sell its customer base and to close the business, but parent Reunert says “all options are being considered” to find places for them within the rest of the JSE-listed group and in the broader industry. That’s the word from Reunert spokesman Carina de Klerk

End of the line for Nashua Mobile

End of the line for Nashua Mobile

Service provider Nashua Mobile has agreed to sell its MTN and Vodacom subscriber bases to the two mobile operators and is in talks to sell its Cell C subscriber base, too, parent Reunert told shareholders on Monday. Nashua Mobile will receive almost R2,3bn from the sale, before VAT. It appears that the two big mobile

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