Vodacom is suing Absa for losses of at least R1.2-billion it claims it incurred due to an alleged unauthorised payment from the operator’s accounts to Tanzania’s tax agency last year. It’s also demanding R4.3-billion under a guarantee signed between the parties.
Browsing: Vodacom Tanzania
Vodacom Group’s Tanzanian unit said it paid a settlement of 5.3-billion shillings (about R32.2-million) for the release of five employees charged with depriving the government of revenue.
Tanzania charged five employees of Vodacom Group’s local unit, including MD Hisham Hendi, with allegedly depriving the government of more than 11-billion shillings (R68-million) in revenue.
Vodacom has concluded the initial public offering of its Tanzanian subsidiary on the Dar es Salaam Stock Exchange in Tanzania, trading at a 6% premium to the offer price. The South African-headquartered mobile telecommunications
Tanzania will allow foreign investors to buy shares in telecommunications companies listing on the domestic stock exchange after an initial public offering by the country’s biggest mobile operator stalled. Changes will be introduced
Vodacom Group’s Tanzanian unit has received regulatory approval to extend the deadline of its share sale for three weeks, allowing investors more time to take part in the country’s biggest initial public offering
Vodacom Group’s Tanzanian unit is considering asking market regulators to extend the deadline of its initial public offering and allow foreign participation because it’s under-subscribed, the lead adviser said. A request is being considered because uptake of
Vodacom Group’s Tanzanian unit plans to raise R2,8bn in a share sale, the first of a series of initial public offerings by telecommunications companies on the domestic stock exchange this
Vodacom is upping its interest in its Tanzanian operation by 17,2% at a cost of R2,5bn, the telecommunications group said on Tuesday. The JSE-listed mobile operator has entered into an agreement with Cavalry Holdings and its shareholders in terms of which it will subscribe for new shares in Cavalry