Author: Staff Writer
Vodacom announced today that it is buying a controlling stake in Vodafone Egypt, one of Africa’s premier telecom operators. Subject to regulatory and shareholder approvals, Vodacom will fund the acquisition of a 55% stake in Vodafone Egypt by issuing 242 million new ordinary shares at R135.75 per share and R8.2 billion ($548 million) in cash. This values the proposed transaction at circa R41 billion or $2.738 billion. “Acquiring a majority stake in Vodafone Egypt would cement Vodacom Group’s position as Africa’s leading techco by advancing our strategic connectivity and financial services ambitions while increasing our total population coverage on the…
Vodacom today announced that it has agreed on terms to acquire a strategic stake in Community Investment Ventures Holdings’ (CIVH) fibre assets that will transform its South African fibre business and accelerate the purpose-led group’s ambition of connecting people for a better future. Subject to regulatory approvals, Vodacom Group will hold a co-controlling 30% equity interest in a newly formed InfraCo entity into which all of the material assets currently owned by Dark Fibre Africa (DFA’ and Vumatel will be transferred in addition to certain Vodacom owned fibre assets. Vodacom has an option to acquire an additional 10% stake in…
Barrows, the provider of hotel investment and advisory services for hotels in the Middle East and Africa is preparing for a new digital revolution in making the hotel industry smarter. Anyone who thinks we are already there with digitization in the hospitality industry could not be further wrong. Service and Hospitality will innovate enormously over the years to come through numerous sleek technological applications and make buildings intelligent. By providing the hotel buildings with intelligent applications aimed at high-quality guest service during the construction phase, the use of smart technology in the workplace becomes a natural result. This concerns, for example,…
Pick n Pay is preparing to release its Black Friday deals this November and says customers can expect massive deals and some of the lowest prices reported this year. Andrew Mills, Group Executive: Marketing at Pick n Pay, expects more customers to be excited for Black Friday deals this year and says they have made extra provisions to bring customers the biggest ever Black Friday deals in stores and to their doorstep. Pick n Pay is planning thousands of deals. The majority of these deals will be Smart Price Black Friday deals meaning customers who swipe their Smart Shopper card…
Its official electronics manufacturer TCL is entering the South African market as of 3 November 2021. It promises affordable quality and smarter than smart televisions for all South Africans. “South Africa has always been on our radar as a next expansion point, and we’re thrilled to officially be in the market,” says Robin YI, General Manager of TCL South Africa. “We will be utilising South African resources as much as possible on the ground and that includes a local South African assembly partner with plans for expansion in the near future.” As an introductory product, TCL will be launching its…
To support universal and affordable broadband access in Africa, IFC has partnered with Liquid Intelligent Technologies to expand data centre capacity and the rollout of fibre-optic cable on the continent. The partnership with Liquid Intelligent Technologies, Africa’s leading independent fiber and digital services provider, aims to increase digital connectivity and inclusion in Africa and to support the region’s growing digital ecosystem. IFC’s equity and debt investments in Liquid Intelligent Technologies, which to date total approximately $250 million or R3.7 billion, will support the company to grow its hyperscale data center capacity in Egypt, Kenya, Nigeria, and South Africa through its…
The pandemic has been described as our “once in a generation… opportunity to reimagine how we work”. While work from home (WFH) is perhaps the most pervasive change, experts believe that a number of other factors will impact work in 2022. Hybrid models will become more ubiquitous The workplace remains a highly contested space. After nearly two years of pandemic-related flexibility around where we work, it’s clear that simply going back to the office in the traditional nine-to-five sense is not an option in 2022. As such, hybrid work models offer the ideal “middle ground” between working from home and…
Cisco in partnership with Fourth Industrial Revolution Incubation (4IRI), today at a hybrid event launched an EDGE Centre in the Western Cape. EDGE stands for Experience, Design, GTM (Go to Market) and Earn. The objective is help develop small and medium businesses in the digital age, speed up their entry to market and, as a result, create new jobs for the local economy. Cisco has a long-standing commitment to South Africa and to supporting the country’s National Development Plan. The establishment of the EDGE Centres is a key pillar of Cisco’s Country Digital Acceleration (CDA) program, launched in South Africa…
TymeBank says it has reached a 4 million customer milestone, with the digital bank onboarding 140 000 customers each month versus 100 000 last year. The bank is 100% digital. It uses apps and online platforms to support its customers, rather than traditional physical branches. TymeBank is already making strides and has a real possibility of becoming SA’s biggest digital bank in a few months. The acceleration in customers signing up for TymeBank bank accounts comes at a time when consumers are demanding more value as well as increased transparency in banking fees. “We are pleased to have achieved a…
myFanPark Inc is pleased to announce its most recent partnership with OOOOO, to launch interactive, live online shopping in South Africa in 2022. OOOOO is a technology platform and app that enables brands & retailers to embrace the fast growing live stream economy with its unique interactive video commerce application available for iOS and Android. Created and launched in 2020 by Sam Jones (ex-Wish) and Erich Zhang (ex-Tiktok), OOOOO is part TikTok, part Amazon, allowing users to watch live and recorded videos in which creators discuss items they’ve tried and tested. The products can then be purchased directly from the…