Caxton sold about R100m of shares in Times Media Group between June and December last year, it was reported on Tuesday. According to Business Day, Caxton bought a significant stake in TMG from Mvelaphanda last January, when TMG was trading at less than R14
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Telkom’s share price touched a fresh 52-week high on Monday as investors continued to pile back into the company on the expectation that it will begin to deliver on a promised turnaround in its fortunes in 2014. In intraday trading on Monday, Telkom was trading as high as
The Democratic Alliance will break up the SABC into various commercial entities and sell these to the highest bidder should it be elected to national government after the 2014 general election. The plan to privatise the SABC’s assets is contained in the DA’s policy on information and
The ANC has promised free Wi-Fi as part its 2014 election manifesto, unveiled on Saturday in Mbombela in Mpumalanga. “Government will support and develop free Wi-Fi areas in cities, towns and rural areas,” the manifesto says. It does not provide further detail on the nature
Five men appeared in the Pretoria specialised commercial crime court on Monday for being part of a bank card cloning syndicate, the Hawks said. The case was postponed until 21 January for a formal bail application, said Hawks’ spokesman Paul Ramaloko
Telkom has held talks with a range of media companies, including America’s Netflix and Comcast, as it looks to build a video-on-demand service on its fixed-line broadband infrastructure in South Africa, its CEO, Sipho Maseko, has been quoted as saying
Roads agency Sanral admits some glitches have been experienced in the e-toll collection system, The Citizen reported on Friday. Spokesman Vusi Mona told the newspaper there had been some “genuine” complaints about the system. “There are genuine customer complaints
Microsoft South Africa MD Mteto Nyati and former Google sub-Saharan Africa boss Stafford Masie have been appointed to the board of JSE-listed education and recruitment company AdvTech. Nyati, who previously worked at IBM South Africa, and Masie, who is spearheading
Roads agency Sanral has denied claims that it lied about the number of e-tags in circulation, it was reported on Thursday. “It would be downright stupid of us to lie about this,” Sanral CEO Nazir Alli was quoted by Business Day as
Transport minister Dipuo Peters’ name is being used by an impostor in a 419 scam, claiming the minister has US$30,5m (over R300m) and needs help in moving the money. “Firstly, let me start by introducing myself as Mrs Elizabeth Dipuo