Capitec Bank has signed an agreement to acquire 100 percent of Walletdoc Holdings, a South African fintech company specializing in payment gateway solutions. This strategic move aims to integrate Walletdoc's technology into Capitec's banking products, enhancing its digital payments ecosystem for its 25 million clients.

• The acquisition involves an initial cash payment of R300 million, with a potential additional R100 million earn-out over three years based on performance.
• Walletdoc offers a range of services including online and in-app payments, digital wallets, and payment links.
• Graham Lee, CEO of Capitec, stated the deal strengthens the bank's goal of building a competitive and accessible payments ecosystem.
• Leonard Shenker, CEO of Walletdoc, expressed excitement about leveraging Capitec's ecosystem to accelerate innovation in South Africa's digital payments space.

The Government of Kenya has outlined nine stringent conditions that Vodacom must meet before acquiring a 15% stake in Safaricom. This divestment aims to raise between KES 240.5 billion and KES 244.5 billion for the National Infrastructure Fund and the Sovereign Wealth Fund.

• The Government insists the transaction is a shareholder level adjustment, not impacting Safaricom's operations or relationships with Kenyan consumers, suppliers, or employees.
• Key conditions include: no employee redundancies, continued support for Safaricom Foundation, mandatory consultation for regional expansion, and ensuring the Chairman and CEO are always Kenyan citizens.
• The new ownership structure, if approved, would see Vodafone Kenya Limited hold 55%, the Government of Kenya 20%, and retail investors 25%.

Vertiv has successfully completed its previously announced acquisition of PurgeRite Intermediate for approximately $1 billion. This strategic move aims to bolster Vertiv’s thermal management capabilities, especially in providing next-generation liquid cooling solutions for data centers.

• The deal is valued at approximately $1 billion.
• The acquisition strengthens Vertiv’s leadership in liquid cooling services for high-density computing environments.
• Gio Albertazzi, CEO of Vertiv, emphasized that PurgeRite’s specialized expertise in fluid management complements Vertiv’s portfolio, enhancing support for AI and HPC applications.
• PurgeRite provides mechanical flushing, purging, and filtration services for mission-critical facilities, working with hyperscalers and Tier 1 colocation providers.