Author: Loni Prinsloo

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.

African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5-billion, according to people familiar with the matter.

Naspers and Dimension Data are in talks to sell their joint venture in the country to fibre-optic infrastructure company Link Africa, according to three people familiar with the matter.

Naspers will focus on consolidating technologies and harnessing artificial intelligence across its e-commerce business after taking full control of Russia’s largest classified advertising platform in a $1.1-billion deal.

Vodacom Group fell the most in more than two months after it reported falling sales in South Africa, where a slower than expected economic recovery dampened consumer spending.

WorldRemit, a UK company that specialises in money transfers into Africa, plans a new funding round in the next six months ahead of a potential initial public offering or buyout.

Vodacom is paying out “reasonable compensation” to a former employee for his idea to develop a popular call-back service after a former CEO first took credit for the product.

Eskom is said to be considering the sale of smaller assets as the state-owned power utility weighs solutions to a liquidity crisis that contributed to a wave of rolling blackouts.