Johannesburg

Net 1 Appoints Two New Directors to its Board

Retrieved on: 
Tuesday, December 1, 2020
JSE Limited, Johannesburg Securities Exchange, JSE, Jabu Mabuza, Payment processor, Economy of South Africa, Service companies, Economy

I am very pleased to welcome Javed and Monde to our Board, said Mr. Jabu Mabuza, Net1s Chairman.

Key Points: 
  • I am very pleased to welcome Javed and Monde to our Board, said Mr. Jabu Mabuza, Net1s Chairman.
  • In terms of Net1s policy agreement with the IFC, it has the right to nominate one independent director to the board of the Company.
  • The Company also provides transaction processing services, including being a payment processor and bill payment platform in South Africa.
  • Net1 has a primary listing on NASDAQ (NasdaqGS: UEPS) and a secondary listing on the Johannesburg Stock Exchange (JSE: NT1).

Agilitee Limited Announces the Appointment of Verityhurst Capital to Advise on Capital Raising

Retrieved on: 
Friday, November 20, 2020
Financial markets, Finance, Stock market, Financial economics, Equity securities, Initial public offering, Share, Float, Corporate finance, Private equity

(Agilitee), the electric vehicle manufacturer, today announced the plan of its capital raising exercise through the offering of 50,000,000 shares at a price of R20.00 per share.

Key Points: 
  • (Agilitee), the electric vehicle manufacturer, today announced the plan of its capital raising exercise through the offering of 50,000,000 shares at a price of R20.00 per share.
  • The capital raising when successfully completed, will represent 5% of Agilitees outstanding share capital.
  • Agilitee plans to float directly without an IPO as soon as the Capital Raising exercise is completed.
  • Agilitee is selling the licenses for Agilitee South Africa, Agilitee Nigeria, Agilitee Zimbabwe to name just a few.

Agilitee Private Limited Announces an Exclusive Manufacturing Contract With eBikeGo Limited of India

Retrieved on: 
Thursday, November 19, 2020
Electric vehicle, Sustainable transport, Inductive charging, Electric vehicles, Electric vehicle industry, Electric vehicle conversion

(Agilitee), the electric vehicle manufacturer, today announced that it has entered in an exclusive manufacturing license agreement for Electric Vehicles (EVs) with eBikeGo Private Limited.

Key Points: 
  • (Agilitee), the electric vehicle manufacturer, today announced that it has entered in an exclusive manufacturing license agreement for Electric Vehicles (EVs) with eBikeGo Private Limited.
  • We are very pleased to announce this amazing partnership agreement with eBikeGo as it demonstrates Agilitees capabilities and competitiveness in the EV market, stated Dr. Mandla Lamba, Founder & Executive Chairman, Agilitee Private Limited.
  • On behalf of Agilitee, the transaction was advised by Verityhurst Capital and the contract management advisory was provided by Nondwe Bakaco.
  • eBikeGo is now the trusted electric mobility partner for more than 30 leading companies in 8 major cities in India.

Surging Demand for Gold Investment Opportunities Creates Rising Opportunity for Mining Companies

Retrieved on: 
Tuesday, November 17, 2020
Johannesburg, Mining, Gold mining

Mining companies around the world are benefitting from this rising investment tide, as they work to strengthen their positions, increase their holdings and ultimately provide more raw material for investors looking for more stable options.

Key Points: 
  • Mining companies around the world are benefitting from this rising investment tide, as they work to strengthen their positions, increase their holdings and ultimately provide more raw material for investors looking for more stable options.
  • Gold Fields Limited American Depositary Shares(NYSE: GFI)is considering a number of automation projects at its South Deep gold mine in Gauteng, southwest of Johannesburg.
  • GoldHaven has announced agreements to acquire promising gold projects in prolific Maricunga Gold Belt of Northern Chile.
  • As eager investors turn in record numbers to gold, silver and other precious metals, mining companies around the world stand to benefit.

Surging Demand for Gold Investment Opportunities Creates Rising Opportunity for Mining Companies

Retrieved on: 
Tuesday, November 17, 2020
Johannesburg, Mining, Gold mining

Mining companies around the world are benefitting from this rising investment tide, as they work to strengthen their positions, increase their holdings and ultimately provide more raw material for investors looking for more stable options.

Key Points: 
  • Mining companies around the world are benefitting from this rising investment tide, as they work to strengthen their positions, increase their holdings and ultimately provide more raw material for investors looking for more stable options.
  • Gold Fields Limited American Depositary Shares(NYSE: GFI)is considering a number of automation projects at its South Deep gold mine in Gauteng, southwest of Johannesburg.
  • GoldHaven has announced agreements to acquire promising gold projects in prolific Maricunga Gold Belt of Northern Chile.
  • As eager investors turn in record numbers to gold, silver and other precious metals, mining companies around the world stand to benefit.

Verityhurst Wants to Fund African Companies that are Interested to be Listed on the Johannesburg Stock Exchange

Retrieved on: 
Thursday, November 5, 2020
Finance, Money, Economy, Corporate finance, Stock market, Financial markets, Initial public offering, Stock, Public offering, JSE Limited, Casablanca Stock Exchange, Namibian Stock Exchange

Markets like the Botswana Stock Exchange, Nigerian Stock Exchange, Ghana Stock Exchange, Namibian Stock Exchange, Egyptian Stock Exchange and Casablanca Stock Exchange to a name a few.

Key Points: 
  • Markets like the Botswana Stock Exchange, Nigerian Stock Exchange, Ghana Stock Exchange, Namibian Stock Exchange, Egyptian Stock Exchange and Casablanca Stock Exchange to a name a few.
  • The idea is to assist these companies with Secondary Offerings on the Johannesburg Stock Exchange with Verityhurst backing the capital raising as a primary investor or underwriter.
  • Verityhurst is also looking for Companies that are privately held and would be willing to raise capital through an Initial Public Offering (IPO) on the Johannesburg Stock Exchange and Verityhurst is prepared to fund these companies by underwriting a portion of the IPO.
  • Verityhurst is also prepared to finance the listing costs on the Johannesburg Stock Exchange for all the suitable privately held companies in Africa who are willing to go public.

Verityhurst Announces the Opening of its North America Operation Offices in NYC on November 2, 2020

Retrieved on: 
Monday, November 2, 2020
Finance, Money, Economy, Alternative investment management companies, Corporate finance, Equity securities, Private equity firm, Private equity

NEW YORK, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Verityhurst (Pty) Ltd, a South African-based Private Equity firm announces its North America operation offices will be opening in November 2020.

Key Points: 
  • NEW YORK, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Verityhurst (Pty) Ltd, a South African-based Private Equity firm announces its North America operation offices will be opening in November 2020.
  • The North America operation office will be located in New York City, and will be headed by a Vice President, who will be recruited in NYC.
  • This move will see us tapping into the economic bubble that the U.S is experiencing while there is still time.
  • Verityhurst was founded in 2007 and is one of the longest running and still operating Private Equity firms in Africa.

BIDTravel and Sabre power digital transformation across Africa

Retrieved on: 
Wednesday, October 28, 2020
Bidvest Group, Johannesburg, BFS Group

"After an extensive selection process, we chose Sabre to help us drive the digital transformation of our business," said Lidia Folli, CEO at BIDTravel.

Key Points: 
  • "After an extensive selection process, we chose Sabre to help us drive the digital transformation of our business," said Lidia Folli, CEO at BIDTravel.
  • BIDTravel manages the travel programme of several blue-chip corporates within Africa across a myriad of different industries within in an online and offline channel.
  • BIDTravel has a multi branded strategy and through its extensive preferred supplier programme, BIDTravel brings significant value to its customers from a cost and service perspective.
  • Bidvest Travel is part of the services division of Bidvest Limited (JSE: BID) headquartered in Johannesburg, South Africa.

Net1 to Host Conference Call to Review First Quarter 2021 Results

Retrieved on: 
Thursday, October 15, 2020
NET1, TFX, JSE, Net 1, Bank, Telecommunications, Television, Economy

JOHANNESBURG, South Africa, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) (Net1) today announced it will release first quarter 2021 results after the market close on November 5, 2020.

Key Points: 
  • JOHANNESBURG, South Africa, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) (Net1) today announced it will release first quarter 2021 results after the market close on November 5, 2020.
  • Net1 management will host a conference call to review these results on November 6, 2020, at 8:00 a.m. Eastern Time.
  • A webcast of the call will be available for replay on the Net1 website through November 29, 2020.
  • Net1 utilizes its proprietary banking and payment technology to distribute low-cost financial and value-added services to underserved consumers and small businesses.