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
Browsing: PIC
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
The Public Investment Corporation (PIC) is to sink US$1bn into African investments and equities, according to finance minister Nhlanhla Nene. “The PIC will, in the new financial year, also focus on developmental investments in Africa, with a
The Movement for Transformation in Media in South Africa called for a probe on Monday into the transformation of Times Media Group. “We have seen a concerted effort by the largely white-owned and -run media houses, in this case specifically the TMG, to discredit black business
A shake-up of the telecommunications landscape in Africa may be in the offing after US giant AT&T said in an interview with Bloomberg that it was interested in acquiring UK-listed Vodafone. AT&T said, though, that it was not interested in acquiring Vodafone’s operations in emerging markets, but only its
Search giant Google is to invest US$12m (R120m) in the Jasper Power Project, a 96MW solar photovoltaic plant in South Africa’s arid Northern Cape province. When completed, Jasper will generate enough electricity to power 30 000 homes and will be one of the largest solar installations in Africa. Google has committed
Altron’s offer to buy out minority shareholders in subsidiary Altech and delist the technology and telecommunications company from the JSE is fair, analysts says. Last Friday, Altron made the offer, its second in six years. Both Altech and Altron are listed entities. The move sent
The performance of IT services group Bytes was the only bright spot in an otherwise poor set of annual financial results from JSE-listed conglomerate Altron, whose numbers were dragged down by subsidiaries Altech and Powertech. Group headline earnings per
Altron and its subsidiary Altech are still engaged in talks, the outcome of which could have a material effect on the share prices of the two JSE-listed groups. Though neither has said what the discussions are about, it’s widely speculated that Altron is preparing to make an offer to minority shareholders in Altech