Vodacom Group’s latest trading update, for the quarter ended December 2018, makes for sobering reading, particularly for those invested in the telecommunications sector.
MTN Uganda is in talks to sell an unspecified stake to the state-run National Social Security Fund that would widen local shareholding currently at only 5%, President Yoweri Museveni’s office said.
WorldRemit, a UK company that specialises in money transfers into Africa, plans a new funding round in the next six months ahead of a potential initial public offering or buyout.
Shareholders at an unprecedented number of JSE Top 40 companies have, in the past year, voted against remuneration policies and/or their implementation.
Eight MTN Group executives netted over 1.3 million shares in the telecommunications giant, valued at R116.9-million at the market price when they were issued at the end of December.