Author: Duncan McLeod

The president has encouraged mobile operators, Icasa and the department of communications to engage in mediation to get South Africa’s spectrum auction back on track.

MultiChoice Group is increasing its stake in BetKing, an Africa-focused sports-betting platform operator, to a non-controlling 49% investment for R3.8-billion.

African Equity Empowerment Investments, controlled by Iqbal Survé’s Sekunjalo Group, has told Britain BT Group that it can’t exercise a call option to terminate its agreements with the company.

EOH Holdings announced on Tuesday that it has sold subsidiary Sybrin for a cash consideration of R334.4-million. The money will be used mainly to pay down debt.

The high court has delivered a damning judgment against Public Protector Busisiwe Mkhwebane, who had sought to shield Lumko Mtimde, the former CEO of Usaasa, from disciplinary action and dismissal.

Naspers is participating in a R201-million funding round involving Cape Town-founded start-up WhereIsMyTransport, along with fellow investors Cathay AfricInvest Innovation Fund and SBI Investment.

Volaris Group, the Canadian firm pursuing JSE-listed software services group Adapt IT, has sweetened its all-cash offer to R7/share in an effort to see off a rival bid from South Africa’s Huge Group.

South Africa’s largest broadcaster, JSE-listed MultiChoice Group, said on Friday it expects full-year trading profit to jump by as much as 30% and by as much as 45% on an “organic” basis.

When the Internet Service Providers’ Association was founded 25 years ago, its principal raison d’être was fighting Telkom’s monopoly. Now the company has been accepted as a member.

Britain’s BT Group – formerly British Telecom – has terminated its relationship with Iqbal Survé’s Sekunjalo Group, ending its longstanding relationship with the firm.