MultiChoice to stream live sport through Showmax

Loni Prinsloo|Published

MultiChoice Group Ltd. started streaming live sport including English Premier League soccer through an upgraded version of its Showmax service.

Oppenheimer, Cisco-backed Harambe raise funds for Africa tech startups

Loni Prinsloo|Published

Harambe Entrepreneur Alliance raised $1 million to support its African technology startups.

Oppenheimer, Cisco backed Harambe raise funds for Africa tech startups

Loni Prinsloo|Published

Harambe Entrepreneur Alliance has raised $1 million to support its African technology startups and help kick-start the return of venture capital to the continent. ...

Morgan Stanley-backed R5bn fund to buy virus-hit SA firms

Loni Prinsloo|Published

Capitalworks Investment Partners Pty Ltd. plans to invest R5bn ($270m) of newly raised cash in mid-sized South African companies.

Helios has $350m primed for expansion after virus eases

Loni Prinsloo|Published

Helios Towers Ltd. ?s plans to expand following last year?s London share sale may have been waylaid by the coronavirus outbreak.

MTN to move ahead on Nigeria stock sale amid market turmoil

Loni Prinsloo|Published

MTN Group Ltd. will push on with a plan to reduce its majority stake in the wireless carrier?s Nigerian business.

SAP targets IT contracts in Ethiopia to drive Africa revenue

Loni Prinsloo|Published

SAP is in talks to secure IT contracts in Ethiopia as the government seeks to attract more international companies.

Vodafone Africa’s path to expansion is paved with $2 mini loans

Loni Prinsloo|Published

Vodacom Group Ltd. sees its African financial-services business as a cornerstone of growth.

Telkom makes offer to buy troubled rival Cell C

Loni Prinsloo|Published

Telkom SA offered to buy Cell C and combine South Africa?s two smallest mobile network operators to better compete against larger rivals.

IPO for SA fuel giant Engen planned for 2020

Loni Prinsloo|Published

Petroliam Nasional BHd and its South African partners plan to conduct an initial public offering in their fuel retailer Engen.

Nigeria’s central bank governor to negotiate MTN $8bn dispute

Loni Prinsloo|Published

Nigeria?s central bank governor, Godwin Emefiele, will meet with MTN Group and four banks on Tuesday to negotiate a dispute over $8. 1 billion the bank says was ...

Durban company called Poison to sell cannabis beer

Loni Prinsloo|Published

An SA craft brewery has received funding from a number of well-known Durban-based investors to start making and selling a lager containing cannabis.

MTN reconsiders Nigerian IPO amid dispute

Loni Prinsloo|Published

The wireless carrier says it might no longer seek to raise capital through an initial public offering on the country?s stock exchange.

Naspers’s Bekker Defends Keeping $132bn Tencent Stake

Loni Prinsloo|Published

Chairman Koos Bekker countered criticism that Naspers Ltd. relies too heavily on its $132 billion stake in Chinese media company Tencent Holdings Ltd.

MTN's Nhleko was paid R72. 2m

Loni Prinsloo|Published

MTN awarded Executive Chairman Phuthuma Nhleko R72. 2 million in pay and bonuses last year after he negotiated a reduced fine with Nigerian regulators.

Anglo's split gives it 'flexibility'

Loni Prinsloo|Published

Anglo American's decision to split some local assets into a different subsidiary gives it the “flexibility” to dispose of its iron ore and export thermal coal assets. ...

Vodacom mulls R15bn empowerment stake

Loni Prinsloo|Published

Vodacom is considering the sale of a R15 billion stake in what would be one of the country’s biggest-ever deals aimed at boosting black participation in the economy. ...

MTN said to have moved money out of Iran

Loni Prinsloo|Published

MTN has managed to extract several hundred million dollars from the country with the help of European banks, according to people familiar with the matter.

Africa on cusp of first ever smartphone plant

Loni Prinsloo|Published

A Johannesburg startup is set to become the first company ever to manufacture smartphones in Africa.

Nhleko sells R123m in shares

Loni Prinsloo|Published

MTN Group executive chairman Phuthuma Nhleko sells shares as he prepares to hand over the day-to-day running of Africa’s biggest wireless company to incoming CEO ...

Naspers targets education for growth

Loni Prinsloo|Published

Naspers plans to expand in education software as Africa’s biggest company by market value searches for a repeat of the profitable bet it made on Tencent Holdings ...

Telkom’s mobile unit makes maiden profit

Loni Prinsloo|Published

Telkom’s first-half earnings rise 20 percent as SA’s biggest landline provider reported a maiden profit for its faster-growing mobile business.

Naspers’ Van Dijk in push to sell some assets

Loni Prinsloo|Published

To make more money from its operations, Naspers will have to overcome a threat to its satellite TV business, reports Loni Prinsloo.

MTN in management shakeup

Loni Prinsloo|Published

MTN Group appointed Felleng Sekha to the newly created position of head of regulatory affairs after its record $1 billion Nigerian fine.

MTN returns to Eurobond market

Loni Prinsloo|Published

Wireless carrier MTN is reportedly seeking more than $1 billion from the sale of two dollar bonds.