Author: Gugu Lourie

The City of Jo’burg (CoJ) is to sell its failed broadband network assets to a winning bidder for between R853 million and R1 billion. The network – which consists of a total of 900km of fibre, covering large parts of Johannesburg, including Orange Farm, Diepsloot, Alexandra and Soweto – is currently housed in the Metropolitan Trading Company (MTC). MTC is CoJ owned entity established in 1999 with no expertise of running the broadband network. Recently, MTC issued a request for bids for a single buyer who will also serve as a service provider to sell the network assets to the…

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Aerobotics, South Africa-based agritech startup, is eyeing growth opportunities in Europe as the company seeks to deploy its innovative artificial intelligence solutions to help farmers look at their farms in a smart way using drones and data analytics. While our operations headquarters is based in Cape Town, South Africa, a few months ago, we set up our commercial headquarters in Los Angeles, USA,” Tim Willis is Aerobotics’ COO, told TechFinancials. To date, Aerobotics have 10 000 hectares of paying clients in the USA, said Willis. When asked whether the startup was planning to expand into Europe, Willis said: “In terms…

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American Tower has acquired African masts business Eaton Towers for an enterprise value of $1.85bn (R27 billion) to give the New York-listed firm a bigger footprint in the fast-growing African market. The deal includes the assumption of existing Eaton Towers debt. Eaton Towers owns and operates about 5,500 communications sites across five African markets [Ghana, Uganda, Kenya, Burkina Faso and Niger]. Eaton Towers was co-founded in 2009 by current CEO, Terry Rhodes. Alongside the majority shareholder, Capital International, investors include Development Partners International, Ethos and Standard Chartered. The assets are expected to generate approximately $260 million in property revenue and approximately $165 million in…

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By now everyone who cares knows that Vodacom is not keen on Yolanda Cuba as a successor to the present boss Shameel Joosub, even though having a woman at the helm would be good for the company’s inclusive culture. The South African telecoms sector, especially the mobile phone industry, exhibits a toxic masculine “bro-culture”. Having Cuba at the helm of Vodacom would most likely change the unsavoury culture of the company.  Also read: Is Vodacom’s Yolanda Cuba On The Move Again? If Joosub were to step down, who should step in to run Vodacom? Techfinancials wonders, along with many others, if Vodacom has…

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Over the last few months Avon, the largest direct-selling company in South Africa, has made remarkable progress in the implementation of its digital strategy, delivering value to its independent Representative by introducing digital stores that provide customers with a complete digital shopping experience and enabling them to fully enjoy the benefits of being in the digital era. As part of its drive to deliver a unified and distinct customer experience, Avon has focussed on perfecting its digital experience without losing the personal touch that direct-selling’s success is built on. To this end, Avon has launched a Direct Deliveries store feature…

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Avon South Africa, a leading direct-selling company, has introduced a new mobile app known as Avon ON. Avon ON is an interactive app that gives Representatives the ability to share digital brochures with their customer and create engaging content to connect with their customers. Avon ON will enable Representatives the opportunity to extend their reach, and by extension improve their earning opportunity by harness the power of technology, in line with Avon’s strategy of empowering women by providing them with innovative earning opportunities. “The new app gives expression to our brand values of empowering women by providing them with the opportunity to empower…

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Iconic beauty company, Avon Justine, has reaffirmed its commitment to championing the empowerment of women by aligning its digital platforms to bolster the earning opportunity of its beauty entrepreneurs and celebrate the milestones achieved by so many of its independent Representatives across its operations in Southern Africa. Avon Justine is a 130-year old company that pioneered the direct-selling model in the beauty industry. “The direct selling model gives expression to our drive to foster women empowerment and financial independence. Women are the primary drivers of our industry and we believe that they should be given an opportunity to reap the…

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The Black Elite, a minibus taxi rewards programme is slowly gaining popularity among taxi drivers. Black Elite, a card-based consumer programme that offers fuel rewards to minibus taxi operators, could become a considerable banking operation if its backers follow through their stated vision. The fuel rewards programme was launched in April 2018 by SA Taxi, an independent minibus taxi financier, in collaboration with Taxi Choice, the commercial arm of the South African National Taxi Council (SANTACO). “Through engagement with the industry, SA Taxi aims to leverage off of its telematics systems and Black Elite fuel rewards programme to develop its…

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The Roman poet Quintus Horatius Flaccus, known in the English-speaking world as Horace, might have been summing up today’s Cell C when he wrote that “the mountains will be in labour, and will give birth to a ridiculous mouse”. By selecting an insider associated with what is termed a ‘Vodacom Cabal’ in the corridors of the company, as the acting CEO, Cell C board led by Kuben Pillay made their company look ridiculous. To make matters worse even workers at Cell C mock their executives as “Vodacom Cabal’ on social media. They claim the cabal is derailing the growth of…

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Yolanda Cuba, Chief Officer of Strategy and M&A of Vodacom Group, seems to be on the move again. The former chief executive officer at Vodafone Ghana might have let the cat out of the bag through her post on the Facebook page, stating: “Where God guides, He provides”. The experienced executive, who was once tipped to take over from Shameel Joosub at Vodacom as CEO by TechFinancials, further states on her Facebook page: “So these new dreams and aspirations He has planted in my head, He says He will provide for… Here goes nothing…#nextchapter.” Clearly, Cuba has already left the offices…

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