It turns out the relationship between former Public Investment Corp head Dan Matjila and Iqbal Survé’s Sekunjalo Group was as value-destroying as feared by most commentators.
Browsing: Dan Matjila
The PIC has dismissed the executive head of listed investments Fidelis Madavo for gross misconduct in the controversial R4.3-billion deal involving Ayo Technology Solutions.
Ayo Technology Solutions allegedly rushed the listing process due to fears that it would not be able to secure funds from the PIC after the ANC elected a new leader at its December conference.
Investors in Telkom gave its shares a dressing down on Tuesday in the wake of continued plans by the government to sell part of its shares in the fixed-line group to fund the bail out of cash-strapped South African
A stake in Vodacom is back up for sale following the collapse of a previous deal in May that was aimed at increasing black ownership of the mobile operator. The Vodacom shares being sold by the Public Investment Corp
A planned sale of shares in Vodacom by the Public Investment Corp to black investors has been abandoned, according to two people familiar with the situation. The proposed sale by Africa’s biggest
Romeo Kumalo, the former head of Vodacom’s international operations, is part of a black economic empowerment group bidding to acquire a stake in the mobile operator from the Public Investment