Author: Duncan McLeod

Shares in Telkom rallied on Tuesday after the company informed investors that it is still in talks with MTN Group about a transaction.

EOH will announce details of a planned capital restructuring soon after it publishes its financial results later this month.

It appears Telkom’s apparent willingness to engage with Rain about a possible deal could scupper its merger talks with MTN Group.

Maziv is the new name of the parent company of Vumatel and Dark Fibre Africa that will soon, pending regulatory approvals, be 30% owned by Vodacom.

Rain has formally made a non-binding proposal to Telkom that would see the latter acquire the former through the issue of new Telkom shares.

SAP has been ordered to pay a further R81.5-million for its complicity in corruption involving the department of water affairs & sanitation.

Cell C, for years saddled with unsustainable debt, is looking to a more hopeful future after reporting a R2-billion net loss for the six months ended 30 June.

Wiocc Group has secured a $30-million equity investment from the International Finance Corporation as it ramps up investment in fibre networks and data centres.

Alviva Holdings has hiked its dividend by 90% after reporting a strong full-year financial performance, boosted by the acquisition of Tarsus.

Ellies Holdings cautioned investors on Wednesday that it is in negotiations about potential acquisitions in the solar and renewable energy sectors.