Author: Duncan McLeod

Telkom said it has not it had received a proposal from Rain and remains in talks with rival MTN about a possible transaction.

Ignore for a moment that Rain, although growing fast, is a relative pipsqueak next to Telkom. Does a merger make any sense? By Duncan McLeod.

Rain plans to table a proposal to Telkom’s board that it should merge with the wireless broadband provider instead of pursuing a deal with MTN.

The Takeover Regulation Panel has accused Rain of flouting companies regulations in announcing its plan to approach Telkom’s board about a merger.

Major operators have created a new, non-profit association to look after their interests and work with government and regulators.

MTN Group shares rocketed 9% on the JSE on Thursday after it reported a solid performance in its key markets.

MTN South Africa’s network availability was hit by recent load shedding, but the company still managed to lift subscriber growth in the first half.

The widely respected Ngwepe has said he is not available for reappointment following the expiry of his current term in office in October.

DataProphet, a player in artificial intelligence and autonomous manufacturing technologies, has secured a further $4.5-million in series-A funding from existing investors.

The Equiano subsea Internet cable was landed north of Cape Town on Monday, the last stop on the route south for the 12-fibre-pair system.