Author: Loni Prinsloo

Naspers is backing rent-to-buy car firm Planet42 in a $100-million debt and equity fundraising.

MTN Group said a R13-billion tax bill it received from the Ghanaian government has been scrapped.

The company will build a utility-scale solar farm capable of generating 100MW of power after raising R11.8-billion in funds to assist with its expansion plans.

Prosus and its parent Naspers are planning to cut their corporate workforce by 30%, becoming the latest companies in global tech to announce layoffs.

The Facebook parent’s biggest content moderator in Africa, Sama, is ending its services to the US tech giant.

The ongoing saga over the property development has led some to wonder why Amazon chose the site in the first place.

Equinix plans to invest R2.8-billion to build its first data centre in South Africa, as part of the firm’s African expansion push.

Vodacom Group plans to roll out financial services products in its new market of Egypt, using the super app it is developing alongside China’s Alibaba Group.

MTN Group is selling its Afghanistan business to Beirut-based M1 New Ventures for $35-million.

MTN Group’s talks to buy Telkom have stalled following a rival deal proposal from Rain, people familiar with the matter said.