On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Dubai-based private equity group, Alcazar Capital intends to invest some US$58.5 million in Telkom Kenya as part of a France Telecom-led deal that gives 51% of the country's telecommunications firm to the consortium.

- TeleTech, a multi-national business processing outsourcing (BPO) giant has decided to establish a facility in South Africa. The company already employs more than 50 000 people in 18 countries and Cape Town is its first base on the African continent.

- Despite the relative slowdown being experienced by companies all across the South African technology channel, Tarsus Technologies has reported strong growth figures for the first half of 2007 with the biggest growth percentage-wise coming from the sub-Saharan Africa market. Another strong growth market for Tarsus has been the retail vertical, where its investments in new product lines such as HP's Pavilion range have achieved very favourable progress.

- Telecoms player the Huge Group has made a R511m bid to buy 59% of Durban-based iTalk Cellular, an airtime and handset dealer with national outlets selling airtime exclusively for MTN.