The idea of a pan-African telecoms champion that has a large shareholding by the South African government looks likely to grease the political wheels of MTN’s audacious bid to buy Telkom.
Browsing: Public Investment Corp
The Public Investment Corp is willing to help Eskom resolve its debt crisis, finance minister Tito Mboweni said at the Bloomberg Capital Markets Focus virtual event.
The PIC has been thrown into further turmoil after firing an assistant portfolio manager who warned that the organisation moved too quickly when investing in a little-known technology company.
The Public Investment Corp moved too quickly when it agreed to invest in Ayo Technology, a suspended employee said.
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
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
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
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