Author: Loni Prinsloo

Naspers wants to spend about $1-billion in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent, a person familiar with the matter said.

MTN Group shares soared by 18.1% on Thursday after Africa’s biggest wireless carrier started a R15-billion disposal plan to shore up the balance sheet.

MTN Group announced the disposal of its share in a Botswana joint venture as Africa’s biggest wireless carrier by revenue kicks off a drive to raise at least R15-billion from asset sales and strengthen the balance sheet.

MTN Group is considering the sale of its stake in Botswana’s largest wireless carrier, according to people familiar with the matter, in a deal that could raise R2.5-billion.

Blue Label Telecoms is considering offers for potential new investment in Cell C after posting a first-half loss partly caused by its interest in South Africa’s third-largest mobile phone company.

MultiChoice Group soared 16% in debut trading in Johannesburg as the pan-African pay-TV company embarks on a new era of independence following a spin off by technology giant Naspers.

Helios Towers wants to build a thousand telecommunication towers in South Africa in the next three years as it tries to capitalise on rapid growth in mobile services and shape up for an initial public offering.

EOH Holdings has suspended some employees involved in deals being reviewed by its lawyers after an anonymous complaint prompted Microsoft to cancel partnership agreements with the JSE-listed IT company.

South African Airways will create three distinct business units focusing on domestic flights, pan-African travel and other international routes as the debt-laden airline battles to repair its balance sheet.

Telkom sees an acquisition as one way to grow its mobile phone business as the former landline monopoly looks to boost profit and attract higher-paying customers.