Government funding helped Eskom post a 22% increase in net profit for the six months ended 30 September 2015. Eskom CEO Brian Molefe said Eskom achieved
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South Africa’s economy grew marginally, by 0,7%, in the third quarter of 2015, Statistics South Africa announced on Tuesday. The GDP announcement comes after a second quarter contraction
Neotel chief corporate services officer Tracy Cohen has resigned. News of her resignation comes on the same day that Vodacom announced that it was in talks with Neotel and its shareholders – led by India’s Tata Communications – about a “revised transaction
Vodacom is in talks with Neotel and its shareholders about a “revised transaction structure”, the mobile group said in a statement to shareholders on Monday. But it has not explained what prompted it to re-look at the R7bn deal. The decision has forced
South Africa is likely to have more than 360 000 active fibre-to-the-home (FTTH) connections by 2019, new research has found. According to BMI-TechKnowledge, which has published a new report entitled “The Fibre Land Grab: the Status of FTTx in South Africa”, open
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
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