Helios Towers, one of sub-Saharan Africa’s largest mobile phone tower operators, is reviving plans for an initial public offering, people familiar with the matter have said.
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Vivendi is in talks to sell 10% of Universal Music Group to China’s Tencent, helping the world’s biggest music company expand in fast-growing Asian markets. Vivendi shares rose as much as 9%.
Eskom urgently needs a plan to turn profitable or South Africa’s state-owned utility will collapse under mounting debt, according to credit agency Moody’s Investors Service.
National treasury has proposed changes that will reintroduce a limit to the tax benefit for taxpayers investing in venture capital companies.
The wealthiest 500 people on Earth lost 2.1% of their collective net worth on Monday as US stocks plunged in their biggest drop this year.
South Africa’s biggest business lobby criticised the government’s handling of the crisis at power utility Eskom and said it was unrealistic in its approach to the country’s growing debt burden.
The Valley of a Thousand Hills near Durban will be the site of a commercial TV white-spaces pilot project. The backers hope it will prove the feasibility of using the technology to roll out low-cost Internet access to rural areas countrywide.
Apple shares had their biggest one-day slump in more than two months amid the latest escalation of trade tensions between the US and China.
Japanese electronics firm NEC has unveiled a flying car which hovered steadily for about a minute. The test flight of the large drone-like machine with four propellers reached as high as three metres.
African telecommunications authorities must walk a fine line when it comes to regulating the move of mobile operators into financial services.