Author: Loni Prinsloo

Telkom said first-half earnings rose 20% as South Africa’s biggest landline provider reported a maiden profit for its faster-growing mobile business. Earnings per share excluding one-time items were R3,36 in the six months

A stake in Vodacom is back up for sale following the collapse of a previous deal in May that was aimed at increasing black ownership of the mobile operator. The Vodacom shares being sold by the Public Investment Corp

Fifteen years ago, a South African media company invested US$34m in an obscure Chinese Internet developer. Today that stake is worth $88bn. All Naspers, now Africa’s most valuable company, has to do is figure out how

MTN Group, which has US$1bn stuck in Iran, agreed to invest the equivalent of R315m in Snapp.ir, the Islamic Republic’s first taxi-hailing smartphone application. The funds “will allow us to quickly expand to other

MTN Group appointed Felleng Sekha to the newly created position of head of regulatory affairs, part of a management shake-up at the wireless carrier following a record US$1bn fine in Nigeria, according to three people familiar with

MTN Group is considering abandoning the acquisition of Nigerian Internet provider Visafone Communications after the country’s industry regulator ruled that broadband spectrum shouldn’t be included in the deal, according to two

The South African government has allocated R2,5bn for a push to roll out broadband networks across the country over the next three years, a potential boon to telecommunications carriers such as Telkom. The first phase of the project will

Vodacom has won an estimated R5bn contract with the South African government as the national treasury seeks to cut costs, according to three people familiar with the matter. The tender is to supply as many as 1,3m government

Government will decide this week whether to partly privatise South Africa’s second largest fixed-line operator, Broadband Infraco, as the company…

Telkom agreed to stop giving financial help to directors to buy shares in the company three years after a loan to former chief financial officer Jacques Schindehütte was found to have breached the terms of the