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Voluntary medical male circumcision is one of the most important ways to reduce new HIV infections. The foreskin contains receptors that the HIV virus can attach to, and removing it reduces HIV transmission from women to men by about 60%. With US funding being cut for HIV programmes, it is increasingly important to scale up …
Kraft Heinz CMO on being culturally nimble without losing brand equity: At Advertising Week, Todd Kaplan said marketers should think of brand building like pointillism and not rush to jump on every viral opportunity. Why brands should stand firm on their values despite the fear of backlash: Executives discussed the importance of brand values in …
Dear Editor The Democratic Alliance (DA) commends Minister of Basic Education, Siviwe Gwarube, for acting swiftly and decisively to resolve the recent delay in stipend payments to Education Assistants and General School Assistants employed under the Basic Education Employment Initiative (BEEI). After several days of administrative hold-ups, Minister Gwarube worked closely with the Departments of …
Building on the positive momentum established in recent months and ahead of the upcoming 2026 presentation of its updated strategy, Stellantis N.V. today announces the following new appointments to its Stellantis Leadership Team (SLT). Emanuele Cappellano is appointed Head of Enlarged Europe and European Brands, in addition to his current role leading Stellantis Pro One. …
Stellantis N.V. today announces that Francesco Ciancia will rejoin the Company on November 1 as Global Head of Manufacturing and a member of the Stellantis Leadership Team (SLT). Ciancia has gained over two decades of global leadership experience in manufacturing engineering, plant management and lean production system application. He rejoins Stellantis from Mercedes-Benz, where he …
Dear Editor The Democratic Alliance (DA) condemns Panyaza Lesufi and his ANC allies for exploiting the Tembisa Hospital SIU report for cheap political gain. The report reveals that around R2 billion was stolen, turning patients into victims and tragically contributing to the death of Babita Deokoran. The Gauteng government’s tone-deaf response to this, was to …
Unions demand the renewal of AGOA and lower tariffs on exports to the US
At 15h47, Tuesday, 7 October, NSRI St Helena Bay and NSRI Mykonos duty crews were activated following initial reports indicating that a boat may have capsized at Tietiesbaai, at the Cape Columbine Nature Reserve, West Coast. The SA Police Services, WC Government Health EMS and West Coast Medical Rescue had responded to the incident where …
The all-new Volkswagen Transporter is available for sale. The new Transporter offers more space, more body styles, a higher payload and a greater economy. Anything is possible. The new-generation Transporter range is powered by a 2.0 TDI engine, offered in three power outputs, 81kW, 110kW, and 125kW paired with a 6-speed manual and an 8-speed …
Standard Bank’s unclaimed benefits initiative has reached a major milestone, successfully reuniting clients with R100 million that was rightfully theirs, all in less than a year. Launched in October 2024 in partnership with unclaimed benefits tracing company Reunyte, the initiative helps match unclaimed funds to customers using the Standard Bank Banking App. The majority of …
Scottish Rugby has appointed Andy Rhys Jones as its first Head of Women’s Performance and Pathways. In this newly created position, Andy will lead the strategic growth and development of Scotland’s women’s player pathways; National Age Grade teams, and the Women’s Senior National Team. His focus will be on building a sustainable talent pipeline, enhancing …
Dear Editor The Democratic Alliance notes with concern the composition of the selection panel chosen by the President, which is tasked with making nominations for the selection of the new National Director of Public Prosecutions (NDPP). Despite the DA’s urgent call on the 17th of July 2025 to begin the process to appoint an NDPP, …
Joe Joyce is living proof that you really can teach an old dog new tricks. The Connacht Rugby second row has been a pro for more than a decade now, having moved to the west of Ireland in 2023 after some nine years with his home-town club, Bristol. You could forgive him for thinking he …
On 7 October, Western Cape Mobility Minister Isaac Sileku unveiled new pedestrian safety signage at the League of Friends of the Blind (LOFOB) in Grassy Park, Cape Town, designed to improve mobility for the visually impaired. The Western Cape Mobility Department’s initiative was in partnership with the South African Police Service (SAPS), City of Cape …
Heather Knight’s unbeaten 79 guided England to a nervy four wicket victory to maintain their 100 per cent record in the ICC Women’s Cricket World Cup 2025. Bangladesh pushed England all the way in Guwahati as the three-time champions pursued their target of 179 after Sophie Ecclestone had earlier taken three for 24. Sobhana Mostary …
Verdant IMAP (www.Verdant-Cap.com) is pleased to announce that it acted as sole financial advisor and arranger to Ctrack Holding on the successful closing of a USD 23.4 million (ZAR 406 million) equity raise for Ctrack Holdings. The investment, led by Sanari Capital and 27four Investment Managers, both recognised leaders in South Africa's investment space with strong B-BBEE credentials, will support Ctrack's continued international expansion following the acquisition of Inseego's global telematics business.
The funding was secured through Sanari's 3S Growth Fund, which contributed USD 14.4 million (ZAR 250 million), and 27four Investment Managers, which invested USD 9 million (R156 million).
This transaction represents the reunification of Ctrack's global business. In 2021, Convergence Partners acquired the Africa and Middle East operations of Ctrack from Inseego. In 2024, Ctrack completed the acquisition of Inseego's remaining international telematics operations across Europe, Australia, and New Zealand. With this new equity injection, the company is consolidating its platform, technology, and customer base under a single global structure.
Ctrack's Crystal platform delivers predictive telematics insights to clients in industries such as logistics, construction, government, and insurance, and is now positioned to scale its services seamlessly across Africa, the UK, Europe, Australia, and New Zealand.
Hein Jordt, Chief Executive Officer of Ctrack, commented:
“This reunification is a defining milestone in Ctrack's history. With the backing of Sanari Capital and 27four Investment Managers, and the continued support of Convergence Partners, we are once again bringing together the full scope of Ctrack's global operations. This positions us to deliver a seamless international offering, underpinned by innovation, scale, and an unwavering commitment to our customers across Africa and developed international markets.”
Brandon Doyle, Chief Executive Officer of Convergence Partners, added:
“Verdant IMAP helped bring trusted partners Sanari and 27four on board, strengthening the shareholder base for Ctrack's next phase of global growth. We are pleased to partner with them as Ctrack continues to scale, innovate, and deepen its impact for customers worldwide.”
The participation of Sanari Capital and 27four Investment Managers underscores investor conviction in Ctrack's growth trajectory and highlights the role of inclusive capital in building globally competitive technology businesses.
This transaction demonstrates Verdant IMAP's ability to deliver complex, cross-border growth capital solutions in the technology and infrastructure sectors. As the exclusive IMAP partner in the region, Verdant IMAP connects African businesses to international investors and strategic partners through IMAP's global M&A advisory network spanning over 50 countries. The transaction further reinforces Verdant IMAP's market position in key verticals of strength, including technology and mobility.
Distributed by APO Group on behalf of Verdant Capital.
Media Enquiries:
Orient Mahonisi
T: +27 10 140 3700
E: orient.mahonisi@verdant-cap.com
About Ctrack:
Ctrack is a global leader in telematics, fleet management, and AI-driven predictive analytics. With a reunified platform spanning Africa, Europe, Australia, and New Zealand, Ctrack delivers advanced solutions that help customers improve safety, efficiency, and real-time decision-making. Its Crystal platform supports clients across logistics, construction, government, and insurance sectors.
About Verdant IMAP:
Verdant IMAP is a leading investment bank operating on a pan-African focus, specialising in M&A and in private capital markets. Verdant IMAP is the IMAP partner firm for its region. IMAP with partner firms present in 51 countries, with more than 450 M&A professionals, is one of the world's leading M&A partnerships. www.Verdant-Cap.com
Dear Editor The Democratic Alliance (DA) notes that the Department of Trade, Industry and Competition (DTIC) intends to seek between R34 billion and R50 billion from the African Export-Import Bank (Afreximbank) to fund the so-called Transformation Fund. We strongly oppose borrowing billions for yet another ANC-controlled fund. It is clear that Minister Parks Tau does …
Dear Editor In a sitting of the portfolio committee on International Relations and Cooperation (DIRCO) today, the Auditor General’s (AG) Budgetary Review and Recommendations Report (BRRR) revealed that DIRCO has financially regressed over the 2024/25 financial year, moving from an audit outcome of unqualified with findings to qualified with findings. This financial regression is partly …
The GOOD Party has applied to join the South African Property Owners Association’s litigation to have elements of Cape Town’s new tariff regime declared unconstitutional as an intervening party.
The post GOOD PARTY JOINS LEGAL CHALLENGE AGAINST CAPE TOWN TARIFFS AS MAYOR DISMISSES 1400% BILL HIKES FOR FISHERS appeared first on For Good.
The Freedom Front Plus (VF Plus) was the only party to vote against the decision by the Mbombela Local Municipality (Mbombela/Nelspruit, Barberton, Hazyview, Kaapschehoop, Skukuza, White River) to grant a 90-day amnesty to residents with illegal water and electricity connections as well as tampered meters. The proposal, approved during the Municipality’s latest council meeting, allows […]
The post Freedom Front Plus rejects Mbombela’s 90-day amnesty for illegal consumption appeared first on Freedom Front Plus.
Malcolm Libera ·7 Oct 2025 The South African rand weakened on Monday as global investors assessed the potential duration of the United States government shutdown and its implications. The rand, which is sensitive to changes in global risk sentiment, traded at 17.2500 against the dollar, just slightly down from its Friday close of 17.2475. The …
SAMA calls for the Israeli Medical Association to condemn the blockade of essential medical supplies, among other demands
The latest research from MyBroadband Insights shows that Afrihost was the top-rated ISP in South Africa, followed by RSAWeb and Axxess. These results are based on data from the MyBroadband Speedtest apps and web platforms, which allow users to test their Internet speeds and rate their service providers. Internet access in South Africa has evolved …
It’s been a year characterised by a dynamic mix of challenges and progress for South Africa’s mining sector. Despite infrastructure constraints, policy uncertainty and rising operational costs, the industry maintained its contribution to GDP at approximately 6%, reaffirming its critical role in the national economy. Gold stole the limelight, platinum found its feet late, bulks …