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…

Trustco enters warrant agreement with Evo Fund as it seeks to raise US$141.28m

Trustco enters warrant agreement with Evo Fund as it seeks to raise US$141.28m

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NAMIBIA – Namibian investment company, Trustco, has said that it has entered into a derivative agreement that could result in a US$141.28 million (N$2bn) capital raise and improved liquidity of its shares. Trustco said that the warrant agreement with Evo Fund could…

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,…

Microsoft expands women-focused cloud accelerator to Kenya, SA

Microsoft expands women-focused cloud accelerator to Kenya, SA

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AFRICA – American technology giant, Microsoft Corporation, has extended the reach of its women-focused cloud accelerator programme to Kenya and South Africa, designed to help women-led companies start and build their businesses through its cloud distribution channels. The programme, which currently covers…

Coast2Coast further offloads 11.5% stake in Ascendis Health

Coast2Coast further offloads 11.5% stake in Ascendis Health

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SOUTH AFRICA – Ascendis Health’s private-equity backer, Coast2Coast, has sold an additional 11.5% stake in the healthcare company effectively reducing its stake in Ascendis to just 14%. Coast2Coast through its subsidiary Gane Holdings, owned 25.5% of Ascendis in December 2018, and a…