South Africa

Despite investing heavily in growing its mobile subscriber base, Telkom has been losing market share against Vodacom and MTN over the last five years. In the nineties and early 2000s, …

Thungela Resources has declared an interim dividend of R8.2 billion, or R60 per share, following a record half year in which profit rocketed on the back of strong export coal …

Major Eskom coal supplier Seriti Resources has acquired a controlling stake in renewable energy company Windlab Africa for R892 million. The deal gives Seriti a 51% stake in the wind …

South African gamers seem to prefer Sony’s PlayStation over Microsoft’s Xbox, though the games consoles’ distributors have declined to reveal their exact market share. Statcounter’s console operating system market share …

Barloworld, the South African car dealer and supplier of equipment to the mining industry, is marketing the nation’s first sale of debt linked to gender-diversity targets. The Johannesburg-based company is …

SARB, The South African Reserve Bank has imposed R35 million in fines on Nedbank for failures that included not reporting cash transactions of large amounts and shortcomings in record-keeping. The …

Rain has been instructed by the South Africa’s Takeover Regulation Panel has to withdraw a press statement regarding a proposed merger with Telkom. Rain announced on Thursday afternoon that it …

Denel, Troubled state-owned arms manufacturer on Thursday announced a major achievement, paying all outstanding salaries with the proceeds of the surplus medical benefit trust and putting in place payment plans …

Rain has formally requested to present the Telkom board with a proposal to merge the two companies. “Although the terms of such a transaction such as valuation and structure would …

Proton has returned to South Africa, and is launching with two luxury SUVs rolling out to dealerships across the country. The Proton X50 and the Proton X70 will be available …