Commerce One

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      Internet Firm Commerce One Sells 25% Of Business To New Investors  
       THURSDAY, NOVEMBER 16, 2000 3:31 PM
- Africa News Service

Johannesburg (Business Day, November 16, 2000) - Internet trading company Commerce One SA has sold a quarter of its business to new investors for an undisclosed amount. Black empowerment group Worldwide African Investment Holdings has bought 20% and investment company Calajero, chaired by former Brait CEO Mark Barnes, took 5%.

Commerce One SA CEO Michael Bosman said both investors would add strong management experience as well as cash to grow the business. Lesley Stones.

Investec issues five new call warrants

INVESTEC has issued five new call warrants, covering Anglo American and Sappi in the resources sector, Richemont in the industrial sector, and M-Cell and Venfin in the telecommunications sector.

Investec is the first to issue a warrant over Venfin, Remgro's recently unbundled stake in Vodacom. Since issuing the new warrants on Tuesday this week, about 3-million Venfin warrants have traded. Also popular were M-Cell and Amplats warrants, said Brian McMillan, head of Investec warrants. Daniel Thole.

Angloplat shares standing at 216,36-million

WORLD number one platinum producer Anglo Platinum (Angloplat) said yesterday the company's issued share capital had increased to 216,36- million shares after the exercise of share options. The company said that 381535 ordinary shares of 10c each had been exercised under Angloplat's share option scheme.

"Accordingly, application has been made to the JSE (Securities Exchange SA) for these shares to be admitted to the official list and for these shares to be admitted to trading," it said. Reuters.

Ashton to accept Rio Tinto's revised bid

SYDNEY Directors of Australian diamond miner Ashton Mining told shareholders yesterday they would accept the revised A2,20a-share takeover offer by Anglo-Australian resources conglomerate Rio Tinto. The offer values Ashton at A712m. I-Net Bridge.

Service provider gains 8% of new contracts'

UPSTART cellphone service provider B Clear and Simple says it gained about 8% of the new contract market in September.

The company plans to have more than over 125000 subscribers by the end of next year, and plans to list within 12 months.

B Clear and Simple SA CEO Ian Lloyd says there are more than 400 subscribers signing up daily and the staff complement has grown from 4 to 120 people in the past four months. Marcia Klein.

Project to teach financial skills launched

WISDOM, a financial skill programme aimed at the under-banked market of SA, has been co-developed with the EMS Training and Development Unit of the University of the Western Cape and was launched in Pretoria last night.

The programme is presented in a modular format and pitched at a level that ensures that individuals with little or no knowledge of finance can easily grasp what are considered potentially intimidating concepts, says Saambou.

By Madeleine van Niekerk

Copyright 2000 Business Day. Distributed by AllAfrica Global Media (allAfrica.com).

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