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Thebe Investment Corporation run by ANC
It seems that the reach and wealth of South Africa’s ruling party, the ANC or African National Congress has no end. Recent revelations come as a shock to many that the ANC owns the controlling stake in investment corporation Thebe Investments which was founded in 1992 by Batho Batho Trust as an ANC investment company. [...]
Continue reading...Alexander Forbes Investment Solutions Racial Row
3. May 2010
It was today reported that the investment arm of financial services firm Alexander Forbes has been exposed for apparent race-related malpractice in termination the service of a black employee called Unathi Ndlovu. According to Alexander Forbes and their wing called Investment Solutions, Ndlovu was let go as a direct result of non delivery and poor [...]
Continue reading...Vodacom Reduces Mobile Data Rates – Gives More Data
23. April 2010
Vodacom, like rival MTN has dropped their mobile data packages and mobile data rates in most cases. In other cases they have increased the amount of data you receive for the same amount of money on standard mobile data bundles. “Vodacom is pleased to announce that from May 1, customers will receive between 17% and [...]
Continue reading...MTN to buy Orascom Telecom Assets
23. April 2010
South African cellular provider MTN have been looking to expand their business into Africa and the African continent through various alliances and acquisition of assets. It seems that after the MTN Bharti Airtel talks broke down they started shopping again, this time in Egypt. News headlines on Thursday reported the MTN is looking to raise [...]
Continue reading...SABMiller Brewery in Namibia
23. April 2010
SABMiller, South Africa’s largest producer of beer has now after many years of importing beer to Namibia decided that its time to build their own brewery in Namibia worth an estimated $34m. Namibia is set to gain substantially from this vote of confidence and subsequent investment as SABMiller is one of the world’s largest breweries. [...]
Continue reading...GijimaAst vs Home Affairs to go Legal
15. April 2010
GijimaAst and the Department of Home Affairs are locked in talks with regards to a service agreements that was undertaken in 2008. GijimaAst is adement that the agreement is still standing and binding which it has been for the past two year whilst the Department of Home Affairs contests the validity of the contract. This [...]
Continue reading...Alexander Forbes to Double Earnings
15. April 2010
Alexander Forbes, one of South Africa’s largest financial, risk and insurance and investment solutions companies are setting the bar high in the years to come. Forbes will be aiming to double their earnings in the next 5 years as they strive to further transform and grow their core business ventures. Alexander Forbes CEO Edward Kieswetter [...]
Continue reading...Medi-Clinic Gulf Expantion
1. April 2010
One of South Africa’s most successful private health care groups Medi-Clinic announced to Reuters that they will be looking expand their reach into the middle east with some opportunities in the Abu Dhabi and the rest if the Gulf. The have already been successful in taking the Medi-Clinic business to Switzerland and Namibia. “Abu Dhabi [...]
Continue reading...Richemont to take over Net-a-Porter
1. April 2010
Richemont holdings today in a somewhat surprising move offered to buy out the rest of the shares that they do not already own in fashion house Net-a-Porter. Richemont is well know within the luxury brands and watch business owned started by South African entrepreneur Anton Rupert. Richemont controls some of the world’s leading brands like [...]
Continue reading...Nokia Siemens Networks Optical Networking Technology
29. March 2010
Nokia Siemens Networks today unveiled its new optical networking technology platform called the hiT7300 coherent 40G transponder which will enable network service providers to make use of the 40G optical transmission networks for bandwidth-intensive applications. “The increasing uptake in mobile broadband triggered by smart device usage and new Internet-based applications means we are all generating [...]
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3. May 2010
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