Browsing: Patrice Motsepe

Eskom is said to mull asset sales

Eskom is said to be considering the sale of smaller assets as the state-owned power utility weighs solutions to a liquidity crisis that contributed to a wave of rolling blackouts.

Patrice Motsepe buys into LTE operator Rain

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

MTN severs ties with partner Tyme

MTN Group will look for new ways to bring banking services to its customers’ mobile phones in South Africa after severing ties with Australian-owned partner Tyme. Africa’s biggest mobile phone operator scrapped the

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African Rainbow buys into Metrofibre

Metrofibre Networx, the fibre broadband company led by former Absa CEO Steve Booysen, has secured a new shareholder in the form of African Rainbow Capital (ARC), whose directors include billionaire Patrice Motsepe and former Sanlam CEO Johan van Zyl

Ttrumpet blows its horn in SA

Ttrumpet, a new mobile application that enjoys the backing of billionaire businessman Patrice Motsepe, will be launched in the next few weeks, offering consumers access to voice-over-Internet protocol (VoIP) services, along with instant messaging and a patented online vouchering system. Co-founder Grant Theis says Ttrumpet