The Competition Tribunal has agreed to postpone a hearing regarding a R7bn merger between Vodacom and Neotel indefinitely. This comes after Vodacom released a market update earlier on Monday saying the company is exploring a “revised transaction structure” regarding the Neotel deal
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Eskom and French funding agency Agence Française de Developpement (AFD) on Monday morning signed a R2,3bn credit facility agreement to finance Eskom’s distribution projects in the Eastern Cape, KwaZulu-Natal and Limpopo. Eskom said the loan
Reunert has delivered a robust earnings performance for the year ended 30 September 2015, despite a weak macroeconomic environment. Headline earnings per share (EPS) climbed by 16%, well ahead of revenue growth of 7%, it said on Monday. Headline EPS from continuing operations
The Competition Tribunal at the weekend agreed to postpone a hearing into the proposed R7bn acquisition of Neotel by Vodacom. This comes after Vodacom and Neotel brought an application for a postponement of the hearing that was scheduled to start on Monday
As Telkom walked away from buying Cell C this week, the mobile operator’s parent, the Dubai-headquartered Oger Telecom, has said a sale is not the only option under consideration. Although
Telkom has signed a deal with Olympic sprinter Usain Bolt to promote its fibre-to-the-home broadband offerings. Telkom filmed Bolt in his home country of Jamaica last weekend for the promotional material it intends using to advertise its fibre products. The telecommunications
The SABC’s suspended CEO, Frans Matlala, has warned that he is ready to take the public broadcaster to court if his suspension is not lifted by Tuesday. Barely four months after
Turnaround plans at the South African Post Office do not include any talk of privatisation, says the state-owned company’s new CEO. Cabinet on Thursday approved the appointment of Mark Barnes as group CEO
Possibilities exist for the beleaguered South African Post Office to be profitable again, said the state-owned company’s new CEO. On Thursday, cabinet approved the appointment of Mark Barnes as group CEO of the
Naspers expects headline earnings per share for the six months ended 30 September 2015 to have leapt by between 25% and 30% compared the same interim period a year ago, the media and technology group said on Friday