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Level 2 B-BBEE Rating Awarded to Networks Unlimited, Showing Continued Commitment to SA

Value-added distributor Networks Unlimited Africa has been certified as a Broad-Based Black Economic Empowerment (B-BBEE) Level 2 contributor. This rating will assist both the company as well as its partners when it comes to competing in the marketplace. Networks Unlimited...

South Africa: 4 BEE fintech startups awarded $283 thousand

On Monday 30 October 2017, at a pitching event hosted by AlphaCode, four black-owned South African financial services startups each won R1-million ($71000). The Broad-based Black Economic Empowerment (B-BBEE) pitching event is an initiative of Merrill Lynch South Africa and...

New ICT sector codes to prompt new era for BEE

In the State of the Nation address, President Jacob Zuma highlighted that radical economic transformation remains at the core of South Africa’s economic strategy and the new BEE ICT sector codes, effective from November 2016, reflect this. Soria Hay of...

South Africa: MTN launches new R9.9 billion BEE transaction

The MTN Group has revealed, within a media statement, that it intends to implement a new R9.9 billion Broad-Based Black Economic Empowerment (BEE) Transaction called MTN Zakhele Futhi, when its existing special purpose empowerment vehicle, MTN Zakhele, contractually unwinds...

South Africa gazettes ICT Sector Code for BEE

South Africa’s Minister of Trade and Industry, Dr Rob Davies, has gazetted the Information and Communication Technology (ICT) Sector Code in terms of Section 9 (1) of the B-BBEE Act. The gazette means that the ICT Sector Code is legally...

Kapela Holdings buys 40% BEE stake in XON

Privately held XON, an ICT solutions company, has concluded a BEE deal with Kapela Holdings, which gains a 40% stake in XON for an undisclosed cash amount. In terms of the deal Kapela Holdings executive director Israel Skosana becomes chairman...

Integr8 IT flexes market muscle with change in executive management

Integr8 IT, South Africa’s largest privately owned national BEE ICT network integration and infrastructure management specialist, has expanded the profile of its executive management, signalling a new chapter in its steady growth as a global operator and provider of...
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‘Industry Consolidation Benefits the Sector and Country’-MTN

MTN believes that investing in South Africa's fiber network infrastructure is positive. Additionally, the consolidation of the industry is...
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