South Africa’s Datatec acquires IT business Mars Technologies

South Africa’s Datatec acquires IT business Mars Technologies

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SOUTH AFRICA – Johannesburg based information and communication firm Datatec Group, through its subsidiary – Logicalis SA – has acquired Mars Technologies, an information technology (IT) services business, for an undisclosed amount. Logicalis SA is a division of the Logicalis Group, the…

Naspers’s largest investor mulls cutting US$17.09bn stake to 16%

Naspers’s largest investor mulls cutting US$17.09bn stake to 16%

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SOUTH AFRICA – South Africa’s Government Employees Pension Fund (GEPF), Naspers’s biggest shareholder is considering to reduce its US$ 17.09 billion (R245bn) stake. According to sources with knowledge of the development, GEPF is being advised by its manager the Public Investment Corporation,…