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MTN Group had a barnstorming 2021. The pan-African telecommunications group, despite its size, was the best performer among technology shares in South Africa last year. TechCentral’s annual analysis of the best (and worst) performing tech shares listed on the JSE shows MTN pipped Ellies Holdings to top position with a 12-month return of a stunning 183.6%. The performance in MTN shares came as investors warmed to the group’s growth strategy, improving prospects in key markets like Nigeria, its decision to exit the Middle East, management’s focus on reducing debt, and opportunities in growth areas like fintech, among other things. Rival Vodacom Group, by contrast, eked out an 8.2% improvement in its share price in 2021. But with big corporate activity on the go, including the acquisition of Vodafone Egypt, it’ll be interesting to see whether it’s Vodacom or MTN’s share price that performs better in the year ahead. Two small-cap shares occupied the second and third positions in...Read More

Unprecedented increase in drive-thru restaurant sales in South African restaurants calls for faster, more efficient solutions for this growing channel SOUTH AFRICA, 01 December 2021 – With thousands of South African holidaymakers preparing to embark on their travels around the country this holiday season, they will be looking for safety and convenience in their fast-food experience. To deliver this, Micros South Africa, a leading hospitality and restaurant industry solutions provider has equipped the first two restaurants in the country with its new smart drive-thru point of sale solutions for fast-food outlets. The system goes live at the newly launched Pedros Flame Grilled Chicken outlet in Inanda, Kwa-Zulu Natal, along with an upgrade from an older system at Pedros Bonaero in Johannesburg, promising to establish a faster, smarter and more efficient quick service restaurant experience in the new reality of Covid-19. “Drive-thru ordering, historically seen as an ancillary (and...Read More

Sbu Shabalala’s successor Tiffany Dunsdon joined the BizNews team on Adapt IT’s results day. It’s been a rollercoaster of a year for Adapt IT, with the software business being the subject of a hostile takeover bid by the Huge Group and a friendly offer from Volaris. The Volaris cash offer of R7 per share looks a foregone conclusion with Adapt IT set to become another departure from the local bourse. Whilst all this has been happening, ex-CEO Sbu Shabalala resigned following allegations that he ordered an assault on his estranged wife’s partner. Dunsdon reflects on the challenges and difficulties faced since taking the reins only a few weeks ago. – Justin Rowe-Roberts On co-founding Adapt IT: I was the CEO of Infowave Holdings at the time and I had been for several years – I’ve been with Infowave since 1999. And in fact, Sbu (Shabalala) was previously with Infowave many moons ago. He started his business in 2003 and I was involved in that – on his board for a couple of years as an...Read More

Business Day TV speaks to Adapt IT CEO Tiffany Dunsdon Adapt IT had a tough year. The software services group has posted a 1% rise in annual revenue, as the effects of Covid-19 regulations weighed on its performance. Alishia Seckam spoke to Adapt IT CEO Tiffany Dunsdon for her perspective on the results...Read More

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End of share-swap leaves 29% of Adapt IT investors still on the fence over Volaris offer...Read More