On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Aqua Online’s distribution of 13c a share before delisting has become unconditional. The group announced last night that the JSE had approved its delisting which is to go ahead on 30 March.

- TeleceL Zimbabwe Private Limited, was last week convicted for illegal dealings in foreign currency and externalising US$1,3 million, R1,3 million and more than £22 000.

- African Development Bank (ADB) had given the East African Development Bank (EADB) a grant of $1.28m to improve its information technology system to cope with the increased business. The improvement will also enhance efficiency. The grant is part of the sh80b line of credit.