Shares in Telkom rallied on Tuesday after the company informed investors that it is still in talks with MTN Group about a transaction.
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Anglo American and Électricité de France have agreed to form jointly owned Envusa Energy to develop wind and solar projects in South Africa.
+OneX, the IT services business in the Reunert stable, has acquired EUCafrica, a major player in Citrix on Microsoft Azure in the South African market.
The landmark $8.5-billion deal to help wean South Africa off its dependence on coal is hanging in the balance.
EOH will announce details of a planned capital restructuring soon after it publishes its financial results later this month.
Naspers-controlled technology investor Prosus has terminated its agreement to buy Indian payments platform BillDesk.
The hunt for a bottom continues as long-term holders cling on with expectations that there’s more pain to come — and retail investors stay on the sidelines.
South Africa, which has been experiencing energy shortages since 2008, is in the throes of its worst power cuts on record.
Eskom will implement load shedding again this coming week, extending the worst bout of rolling power cuts in South Africa’s history.
It appears Telkom’s apparent willingness to engage with Rain about a possible deal could scupper its merger talks with MTN Group.