Author: Staff Reporter

Vodacom shares tumbled almost 8% on Wednesday after parent, the UK-headquartered Vodafone, said it had sold a chunk of its shares worth almost R15bn to meet the JSE’s 20% free-float requirement. Vodafone said it sold about

The former chairman of communications regulator Icasa, Paris Mashile, is back in the hot seat, albeit in an acting capacity. He replaces outgoing acting chairman Rubben Mohlaloga, whose term as

Econet Global subsidiary Liquid Telecom, which bought South Africa’s Neotel earlier this year in a R6.5bn deal, has completed 100G upgrades to key routes on its East Africa fibre ring. The upgrade to 100G

South African venture capital firm Knife Capital has expanded into the UK after introducing a new strategic investor in the form of UK-based Draper-Gain Investments. This decision to open the London office comes after the

Former Telkom chief commercial officer Brian Armstrong has been appointed to the board of JSE-listed telecommunications company Huge Group as an independent nonexecutive director. Huge Group said in

EOH’s share price on Monday reversed earlier gains after the IT services group issued an earnings update that appeared to disappoint investors. It said headline earnings per share – a key figure watched by investors on

Datatec will return up to US$500m to shareholders in the form of a special dividend and/or share buybacks after the Johannesburg- and London-listed technology group completed the sale of its

Showmax’s operations in Africa will be merged with MultiChoice’s DStv Digital Media, according to a letter sent to staff by Imtiaz Patel, CEO of Naspers’s video entertainment unit. In the letter, which

After reports emerged in recent days that Vodacom Business chief officer Vuyani Jarana may not yet have signed an employment contract to take over as CEO of South African Airways, the mobile operator has made

MultiChoice said on Wednesday that shareholders in its Phuthuma Nathi broad-based black economic empowerment vehicle Phuthuma Nathi will receive R1.3bn in ordinary dividends. This is after the dividend