Author: Loni Prinsloo

Prosus reported a first-half profit as the tech investor sold stakes in online businesses in China and South Africa.

Glencore’s South African ferroalloys division and Merafe Resources will build a utility-scale renewable energy plant.

A group of investors led by Harith General Partners has agreed to buy out a fund that owns a stake in Vumatel parent CIVH.

It is critical that e-commerce becomes a bigger source of profitability for Prosus, group CEO Fabricio Bloisi said.

MTN Group said on Thursday that it is probing issues of alleged favouritism by CEO Ralph Mupita.

Naspers expects e-commerce and other digital platforms to inject R91.4-billion into the South African economy by 2035.

A US development agency will be one of the main investors in a new round as Liquid seeks to raise $225-million this year.

MTN Group has agreed to reopen talks with top African tower operator IHS Holding over a governance dispute.

Private equity shareholders of Primedia are considering strategic options for their stakes in the broadcasting group.

Nasdaq-listed e-retailer Jumia Technologies plans to focus on Nigeria as part of a bid to turn profitable.