Browsing: News

African Rainbow Capital, the black-owned investment company chaired by billionaire Patrice Motsepe, has acquired a 20% stake in 4G/LTE operator Rain (formerly Wireless Business Solutions). The value of the deal

Dimension Data will announce a new black economic empowerment deal by no later than the end of October, the group’s Middle East and Africa CEO, Grant Bodley, told TechCentral on Thursday. The new transaction

Scandal-hit state power utility Eskom placed chief financial officer Anoj Singh on special leave on Thursday after he was linked to a series of questionable deals with members of the Gupta family who are

EOH, whose share price gyrated wildly on Thursday, has moved to calm jitters among investors. The company issued a statement to “stakeholders” saying the company remains “strong, with a great leadership team

MTN Group, Africa’s biggest mobile-network operator by sales, fell the most in more than a year after a return to first-half profit after a $1bn regulatory fine fell short of analyst expectations. Headline earnings per share

Well-known IT sector investor Andile Ngcaba has sold his stake in Dimension Data and has left the IT services group, where…

MTN said on Thursday that it expects to have swung back into a profitable position in the first six months, with headline earnings per share of between R2.10 and R2.30, compared to a headline loss a year ago

Telkom said on Wednesday that it has won a “landmark” case, with costs, against rival Vodacom at the high court in the Western Cape over the latter’s use of the former’s ducts in a residential estate. In a statement

Cell C plans to raise as much as $464m (R6bn) from the sale of two bonds as part of the South African mobile phone company’s recapitalisation that will enable Blue Label Telecoms to buy a stake, according

After more than 18 months of negotiation, Blue Label is finally poised to buy a 45% stake in Cell C for R5.5bn, a deal that is set to transform both companies. Blue Label shareholders approved