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Pinterest plans to raise about US$1.5-billion dollars in its initial public offering of shares. The digital scrapbooking site will put about 86.3 million shares up for sale at a price between $15 and $17 each.

MTN’s share price is likely to remain wobbly as jittery foreign investors face massive pressure from US authorities and lobby groups to quit their exposure in Africa’s R255bn cellphone giant because of its business activities in Iran. The company is in danger of being smacked with US sanctions for allegedly providing the Iranian government

The Brics Cable, a superfast broadband submarine network that will extend from the east of Russia to the US via SA, and which will cost as much as US$1,5bn to construct, is already at an advanced stage of planning and should be ready by mid to late 2014, according to Andrew Mthembu, the SA businessman