VENTURE CAPITAL POST

Beijing-based wind farm operator China Longyuan Power Group Corp won a bid to jointly develop wind farms with local companies in South Africa.

The government of South Africa had planned to obtain a 20% free stake in each of new oil development projects.

MTN and Vodacom may be forced to cut back its business should no compromise be met on mobile termination rates.

Vodacom Group, MTN Group and Telkom would have their respective fortunes change because of the latest regulatory guidelines issued in South Africa.

Brazil, Russia, India, China and South Africa have all agreed to create a USD100 billion fund as buffer for financial shocks.

South African Airways and Brazil's TAM Airlines signed a codeshare agreement to increase travelers' access to destinations in both countries.

Investec would coordinate lending facilities for two power plants to be built in South Africa.

Wal-Mart Stores Inc signed a deal to import South African wine label Seven Sisters in an agreement that ended the legacy of apartheid.

Private equity firm Actis announced its acquisition of Paycorp, a South-African payments business for USD 95 million.

Capitalworks, a private equity firm based in South Africa, announced it was able to raise ZAR 2.7 billion in six months.

Microsoft would use solar power and white space for the cheapest broadband in South Africa.

According to IDC, there were seven countries where Windows Phone outsold the iPhone.

Nelson Mandela celebrated his 9th birthday on a hospital in Pretoria today.

PetroSA was said to be considering the possibility of buying Petronas' controlling stake in Engen.

Cipla acquired Cipla Medpro South Africa.