Dimension Data senior managers are approaching lenders and investors to raise cash for a possible deal for the group’s Africa and Middle East operations, which could be valued at about $800-million.

African Rainbow Capital has attached an intrinsic value to telecommunications upstart Rain of R11.7-billion, or almost a third of Telkom’s market capitalisation.

Standard Bank Group expects to close 91 branches across South Africa, most by the end of June, in a move that may affect about 1 200 employees.

Parliament’s portfolio committee on communications has adopted a final report that recommends eight candidates to fill the SABC board.

Huge Group is acquiring Otel in a share-swap deal involving its subsidiary, Huge Networks, the JSE-listed telecommunications specialist said in a statement to shareholders after markets closed on Thursday.

Technology group Altron said on Thursday that is has appointed Cedric Miller as its new chief financial officer. He will join the group on 1 May.