The funds that invest money with the Public Investment Corp (PIC) lost more than R100bn when President Jacob Zuma fired former finance minister Nhlanhla Nene on 9 December 2015, said Daniel Matjila, CEO of the organisation
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MTN has reportedly come under fire from the Public Investment Corp (PIC) for giving its former CEO, Sifiso Dabengwa, a R23,7m golden handshake. Dabengwa resigned suddenly in November after the group’s Nigerian operation was fined US$5,2bn
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
Government investment manager, the Public Investment Corp (PIC), has finalised its acquisition of the state’s 13,9% equity stake in Vodacom. Government is set to use the proceeds of the sale to the PIC to help fund Eskom. At the current share price
In a hard-hitting statement, MTN’s largest shareholder, the Public Investment Corp, has “noted” the resignation of group CEO Sifiso Dabengwa but said that “a lot more people need to take
Smile Telecoms, the wireless broadband communications company founded by former MTN executive Irene Charnley, has raised US$365m (R5bn) in new debt and equity financing to expand its coverage in Tanzania, Uganda and Nigeria and establish its first presence in the
Convergence Partners, the investment management firm established in 2006 by businessman Andile Ngcaba, has announced the successful final close of its Convergence Partners Communications
Telkom is one step closer to completing its takeover of Business Connexion with news that the competition tribunal has set aside 30 July to 7 August for its hearing on the matter. Telkom has
The government has sold its 13,91% stake in Vodacom to the Public Investment Corporation to help fund the R23bn allocation to Eskom, national treasury said in a statement on Wednesday. The national
An unnamed company has made a firm offer to acquire Wireless Business Solutions (WBS), the parent company of iBurst and Broadlink. WBS nonexecutive director David Hilewitz on Monday confirmed that an offer has been tabled, but declined to name the acquiring party, saying