Kathea Communications News Today : Breaking News, Live Updates & Top Stories | Vimarsana

AEEI maintains strong balance sheet through interim period By Edward West Share CAPE TOWN - DIVERSIFIED investment group African Equity Empowerment Investments (AEEI) achieved stable results through the six months to February 28, underpinned by resilient balance sheet strength. AEEI’s revenue, headline earnings and net assets decreased slightly by 9 percent despite the tough economic environment and the Covid-19 pandemic directly overlapping the reporting period, Strong cash balances resulted in the declaration of a dividend of 30 cents a share, well up from 10c the prior year. CE Valentine...

AYO Technology solutions acquires Kathea Communications By Dieketseng Maleke Share ICT INVESTMENT group AYO Technology Solutions (AYO) today announced that it has fully acquired share capital and outstanding shareholder claims in Kathea Communications. The effective date of the acquisition was March 1. In a statement, the group said AYO announced last year in August that it intended to acquire ownership of the communication group. AYO acquired Kathea Communications for a total purchase consideration of R90m. Kathea Communications chief executive Peter Cowen said: “AYO already has good expos...