Author: Loni Prinsloo

MTN Group executive chairman Phuthuma Nhleko has sold shares worth about R123m as he prepares to hand over the day-to-day running of Africa’s biggest wireless company to incoming CEO Rob Shuter. Nhleko will also benefit from the

Naspers plans to expand in education software as Africa’s biggest company by market value searches for a repeat of the profitable bet it made on China’s Tencent. The owner of Africa’s biggest pay-television

Econet Wireless unit Liquid Telecom has secured US$300m (about R4,3bn) to help fund expansion in Africa and its R6,5bn acquisition of Neotel. Standard Bank is arranging the syndicated loan to help fund the Neotel

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