News

The US, UK and EU will open probes into Nvidia’s $40 billion acquisition of Arm. Accenture’s continued acquisition/investment spree dominated the international ICT market last month. At home, it was Huge’s bid for Adapt IT. Key local news Skynamo acquired mSeller, a UK-based mobile field sales technology provider. Altron is looking to divest some of its non-core businesses such as Altron Document Solutions, Altron Arrow and Altron People Solutions. Ellies Electronics is liquidating its manufacturing segment within the group on viability grounds. The Huge Group has made an R800 million offer for the shares of Adapt IT, a specialised software and digitally led business solutions provider. The MTN Group will sell its 20% shareholding in Belgacom International Carrier Services SA (BICS) to Belgian state-controlled telecoms firm Proximus for R1.8 billion, and the Administrative Court of Damascus (Syria) has placed MTN Syria under a judicial guardianship. Net1 has sold its remaining...Read More