On The Money - In Brief

Mergers, Acquisitions and Financial Results

- A maximum fine of R100,000, some form of private censure and a slap on the wrist were what three directors of Blue Label Telecoms received from the JSE late yesterday after four cases of share dealings not being cleared by the company nor reported to the JSE timelessly.

- Actielec Technologies group bolstered its presence in Tunisia with the creation of a new production unit. The firm acquired a 20,000-square-metre site on which a new production unit will be built, the first part of which will create about fifty jobs, and will be set up on 5,000 square metres; It is to enter into operation by late 2009.