On The Money - In Brief

Mergers, Acquisitions and Financial Results

- An international satellite reseller is in the market looking to make acquisitions in sub-Saharan Africa.

- Steady improvement in Dimension Data's global operations saw the hi-tech group ratchet up its profit margins, clock up a net profit of $57m and hand out its first dividend. In Africa its operating profit rose from $43,4m to $62,4m. During the year Didata bought the 20% of Internet Solutions and the 51% of Plessey it did not already own, and established a presence in Nigeria and Kenya. Opportunities in emerging African markets and some public sector contract awards justified that expansion, said chief finance officer Dave Sherriffs.