Vodacom is in talks with Neotel and its shareholders about a “revised transaction structure”, the mobile group said in a statement to shareholders on Monday. But it has not explained what prompted it to re-look at the R7bn deal. The decision has forced
The Competition Tribunal has agreed to postpone a hearing regarding a R7bn merger between Vodacom and Neotel indefinitely. This comes after Vodacom released a market update earlier on Monday saying the company is exploring a “revised transaction structure” regarding the Neotel deal
Neotel is hoping to wrap up an investigation within the next two to three weeks into possible bribery that led to the suspension in July of its CEO, Sunil Joshi, and its chief financial officer, Steven Whiley. That’s the word from Neotel director in charge Kennedy Memani
Vodacom its still confident that its R7bn acquisition of Neotel will go ahead, despite a protracted investigation by the Competition Tribunal and allegations of impropriety by Neotel executives over
Neotel director and shareholder Kennedy Memani will provide “interim executive oversight as the director in charge” following the decision last week to place CEO Sunil Joshi and chief financial officer Steven Whiley on “special leave” pending an investigation into
Neotel CEO Sunil Joshi and chief financial officer Steven Whiley have been placed on “special leave” pending an investigation into alleged bribery and corruption at the telecommunications operator
Transnet chief financial officer Anoj Singh has been seconded to Eskom in the same role for six months, according to the state utility on Thursday. Singh’s secondment is effective from
Embattled SABC chair Zandile Tshabalala has been excluded from the new Transnet board, it emerged on Thursday. “Cabinet approved the following appointments subject to the verification of qualifications and the relevant experience,” a giggling minister
With a potential repositioning of some of the country’s most significant parastatals in the offing, a number of ministers could lose out as key entities are placed under the ever-extending wing of public enterprises minister Malusi Gigaba. Not least of these
Nhlanhla Gasa, the lead independent nonexecutive director of JSE-listed technology company DigiCore Holdings, has been murdered in KwaZulu-Natal. His body was found in the Tugela River, near Newark, and had multiple stab wounds, according to a report on Talk Radio 702. His burnt-out car was found nearby
