On The Money - In Brief

Mergers, Acquisitions and Financial Results

- The Public Enterprises Evaluation and Privatisation Agency (PEEPA) has signed a contract agreement with the International Finance Corporation (IFC) to act as transactional advisors in the Privatisation of Botswana Telecommunication Corporation (BTC). IFC is a member of the World Bank Group and is set to advise on increasing private sector participation, reducing telecommunications charges and extending telephone coverage at BTC.

- ICT giants BT and Hewlett-Packard have announced the launch of the BT HP Alliance in SA, firmly demonstrating the two companies' "undimmed enthusiasm" for the South African market. Through the alliance, the two are partnering to target high-volume clients looking for integrated ICT solutions, with BT providing communications services and HP providing IT services.