Author: Duncan McLeod

Shares in Naspers and its spinoff Prosus tumbled on Monday after a report said Tencent Holdings faces a record fine in China.

African mobility fintech Moove has raised a further $105-million in a “series A2” round aimed at taking its business global.

The auction of mobile broadband spectrum will continue into next week after already raising more than the R8-billion expected.

EOH Holdings is selling several more assets as it moves to deal with the gearing problem on its balance sheet. Its shares leapt higher on the news.

Net1 has been given the regulatory go-ahead for its acquisition of South African fintech company Connect Group in a deal worth R3.7-billion.

The cabinet has decided to scrap government plans to license a wholesale open-access network in South Africa.

Digital bank TymeBank is expanding into the medical insurance space, with a plan to offer South Africans access to private healthcare starting at R139/month.

The Competition Commission has okayed the acquisition by New York-listed IHS Towers of thousands of towers owned by MTN South Africa, but has attached stringent conditions to the deal.

In a blow to shareholders who had been hoping for an imminent “value unlock”, Telkom has elected to postpone the separate listing of Swiftnet.

MTN South Africa has reported strong earnings growth, with all business units performing well in the year to 31 December 2021.