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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

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