Author: Loni Prinsloo

Africa’s biggest mobile phone company is doing a spring clean of its empire. MTN Group said on Thursday it’s conducting a review to decide whether it really needs to be in all 22 of its markets across Africa and the Middle

Remgro is in advanced talks to buy fibre provider Vumatel as South Africa’s richest man seeks to consolidate the country’s expanding broadband infrastructure industry, according to people familiar with the matter. A deal by

Helios Towers, one of the largest sub-Saharan telecommunications tower operators, plans an initial public offering in early April to allow shareholders such as Soros Fund Management to reduce their stakes. Helios Towers plans

Cell C plans to boost expenditure to R3bn this year as South Africa’s third largest mobile phone company hunts for…

Cell C is seeking acquisitions that will help transform South Africa’s third biggest mobile phone company into a full-service telecommunications provider offering Internet and financial services as well as traditional calls and texts

Naspers is in talks to lead an investment of as much as R2.5bn in India’s Swiggy to increase its stake in the online food-delivery company, according to two people familiar with the matter. Africa’s biggest company by market value

South Africa is seeking to raise as much as R4bn from the sale of part of its 39% stake in Telkom to raise funds for the country’s unprofitable state airline and post office, according to two people familiar with the

Naspers CEO Bob van Dijk said Africa’s largest company will consider “structural options” if the value gap with its stake in Tencent persists. Naspers has a 33% stake in Shenzhen, China-based Internet giant Tencent, valued at

Swedish phone-app developer True Software Scandinavia is in talks with wireless operators including Bharti Airtel to expand its fast-growing Truecaller spam filtering service in Africa. Truecaller is seeking to roll out a version

Corruption allegations surrounding South Africa’s politically connected Guptas ensnared one of Germany’s biggest companies as SAP joined international businesses ranging from KPMG to McKinsey & Co in reporting links with