Author: Loni Prinsloo

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.

Government has received an unsolicited bid for its 40.5% stake in Telkom from an investment firm called the Toto Consortium.

Strive Masiyiwa plans to raise as much as $500-million to expand his digital infrastructure and services businesses.

Multichoice Group is looking to spend half its content investment on African shows with local actors and producers within the next two years.

Vodacom Group is mulling a bond issue and will pay a smaller proportion of its earnings in dividends as it looks to finance new growth plans.

EOH Holdings CEO Stephen van Coller is considering a sale of the IT services firm after returning the group to profitability, sources said.

Prosus expects to write off the equivalent of R11.8-billion and has asked its directors on the board of social media platform VK to resign.

Eskom is considering selling distribution assets as prospects of the government taking over about half of its R392-billion obligations dim, sources said.

Helios Investment Partners is in talks with African telecoms operators and banks about ways it can help them cash in on their mobile money and digital payments platforms.