AFRICAN ONLINE ADVERTISING MARKET SET FOR MEDIUM-TERM GROWTH News round-up & Snippets On the money Digital toolbox/In search of the business model Africa's Digerati Useful websites and discussion lists Jobs, people, events...   Classified advertisements

ISSUE NO 59 ON THE MONEY

PRIMEDIA’S SHAREHOLDERS REJECT AVF’S ADVANCES

Primedia shareholders have rejected all the resolutions tabled by UK-based Active Value Fund at its extraordinary general meeting. Approximately 53% of shareholders voted against all the resolutions proposed by AVF. (source: http://www.barney.co.za/news/may01/primedia11.asp )

CS HOLDINGS GOES INTO ALLIANCE WITH ABSA

JSE-listed CS Holdings’ partnership with the Absa group has entered a new, critical phase in support of the bank’s accelerated e-strategy. Nallie Bosman, Group CE, says Absa is entrenching a group-wide e-business mindset to position itself as a leading new-economy player, with all staff members playing a role in the process.

(source: http://www.boot.co.za/news/may01/absa11.asp)

M-CELL’S INTERNATIONAL PARTNERS THREATENS TO PULL OUT

Mobile phone group M- Cell said that its foreign partner in a bid for a South African fixed-line licence is likely to pull out if the government gave state signal broadcaster Sentech an international phone permit. -

(source: Barney http://www.barney.co.za/reuters/may01/mcell10.asp )

STRATE DEMATERIALISES R63 BILLION WORTH OF SECURITIES

JSE-listed securities to the value of more than R63 billion have been dematerialised and transferred to Strate in the past two months. 286 counters that have to date entered Strate’s electronic settlement environment.

(source: Barney http://www.barney.co.za/news/may01/strate10.asp )

If our correspondent is "off the mark" or you have factual amendments, mail them to us and we will include them in subsequent News Updates. If you'd like to contribute, write and let us know.
If you need information about a particular place or issue, just send your questions in. We are always happy to follow up on readers concerns.
News Update is a free e-letter produced by Balancing Act that covers African internet content and infrastructure developments, It goes out to government, the private sector, education and NGOs. To subscribe, send a message saying "I want to subscribe" to info@balancingact-africa.com