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
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National treasury is pressuring the continent’s biggest money manager to provide as much as R100bn to fund struggling state companies, according to two people with knowledge of the situation. The Public Investment Corp, which
Telkom said government is considering various options regarding its 39% stake in the fixed-line operator as it seeks to raise cash to bail out the country’s unprofitable national airline. The state’s shares in the former
Government may be forced to sell part of its stake in Telkom to fund South African Airways, it was reported on Friday. News24 reported finance minister Malusi Gigaba as saying saying that government
Vodafone Group CEO Vittorio Colao is optimistic that a breakthrough is near regarding government’s controversial ICT policy white paper, saying a “hybrid” model proposed by local mobile operators, including Vodafone
Government’s direct and indirect stake in Telkom appears to have dropped to below 50% for the first time since it warehoused and then sold most of a stake to the Elephant Consortium and Wiphold in a 2005 black economic empowerment
Former Eskom CEO Brian Molefe was sworn in as a member of parliament for the ANC on Thursday morning. He was controversially nominated to take up an MP seat by the ANC in the North West, prompting
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
President Jacob Zuma views the fact that the Public Investment Corp lost R99bn within 48 hours after the sacking of former finance minister Nhlanhla Nene in December last year as a “normal” economic phenomenon. The Democratic Alliance’s shadow