Time Warner has agreed to be acquired by AT&T in a stock and cash transaction that values the entertainment conglomerate at US$86bn, according to a person familiar with the negotiations. Investors will get up to $110/share
Author: Agency Staff
South Africa’s largest banks backed finance minster Pravin Gordhan’s stance that he has no power to stop them from closing the accounts of a company controlled by friends of President Jacob Zuma. FirstRand, Standard Bank, Barclays
MTN Group, responding in detail to allegations that the wireless carrier illegally moved more than US$14bn out of Nigeria, said central bank approvals were obtained before any dividends were issued. “No dividends were declared
Crime fighters in Diepsloot have a new weapon in their arsenal in the form of technologies to ensure better crime reporting and faster response times. Police on Wednesday announced a project with security company
Airports Company South Africa (Acsa) has thrown its weight behind global calls for the Samsung Galaxy Note7 to be banned from flights. Jason Tshabalala, group manager for security at Acsa, urged passengers
Microsoft’s first quarter sales and earnings topped analysts’ estimates, buoyed by growing demand for cloud-based software and services. Profit excluding certain items was US$0,76/share on adjusted sales of $22,3bn
MTN Group shares slumped to a six-year low after a Nigerian senator claimed the wireless carrier may have illegally moved more than the previously estimated US$14bn out of the country, citing early findings
The Competition Commission has struck down meter taxi drivers’ bid to declare Internet app Uber as engaging in predatory pricing and anticompetitive behaviour. In May this year, eight regional taxi companies and 150 individual
SABC executive Hlaudi Motsoeneng allegedly promised an extra R10 000 to each staff member as a “sweetener deal”, the Democratic Alliance claimed on Thursday. The party’s communications spokeswoman and MP
The chances of finance minister Pravin Gordhan keeping his job after prosecutors charged him with fraud brightened on Wednesday after he won the backing of cabinet and President Jacob Zuma appointed him to a task force