Author: Loni Prinsloo

Red Rocket has raised R3-billion in funding to help the business expand across the region.

Spar Group’s CIO, Mark Huxtable, has resigned from the South African food and liquor retailer.

MTN Group said American Tower Corporation will take over its Nigerian tower operations from IHS Holding from 2025.

South Africa’s power generation system is recovering and that’s been reflected in fewer power cuts recently, according to the minister of electricity.

The removal of the cross-holding structure will let Naspers continue its share buyback programme.

IHS Holding is consulting with JPMorgan Chase & Co for advice regarding an escalating standoff with its largest shareholders.

The PIC is backing a possible bid led by the former chief executive of Telkom for a 35% stake in the company, sources said.

MTN Group plans to build a R6-billion terrestrial fibre cable to connect 10 countries in Africa.

MTN Group is in advanced talks with Axian Group to sell some of its West African markets, sources say.

Naspers-owned Prosus has continued its selloff of China’s Tencent, bringing its stake in the Chinese internet giant to under 26%.