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
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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
Rob Shuter’s background in banking and his experience running a multi-territory operation for a large global telecommunications operator make him an ideal candidate to take the reins at MTN Group next year
MTN has hit back at those who have criticised it for appointing a white group CEO in the form of outgoing Vodafone executive Rob Shuter. In a lengthy statement on Friday evening, MTN defended its record
The Black Management Forum has expressed its disappointment at the appointment of Rob Shuter as MTN’s new CEO. MTN on Monday announced to shareholders that its board has moved to appoint former Shuter