South Africa

South Africa's largest telecoms firms may undertake cutbacks if no compromise reached with regulators

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

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South African mobile operators share values and rates cut by regulator edict

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

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BRICS countries to create fund for financial shocks

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

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South African Airways, TAM Airlines ink codeshare agreement

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

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Investec leads financing for South African power plants

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

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South Africa's Seven Sisters inks deal with Wal-Mart, ends apartheid legacy

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

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Actis announces acquisition of Paycorp from Transaction Capital

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

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Capitalworks raises more than ZAR 2.7 billion in six months

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

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Microsoft South Africa funds cheapest broadband for poor communities

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

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7 Countries where Windows Phone outsell iPhone

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

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Nelson Mandela 'steadily improving'

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

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PetroSA considers purchasing Petronas’ stake in Engen

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

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Cipla acquires Cipla Medpro South Africa

Cipla acquired Cipla Medpro South Africa.

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Eskom can't fill US$25 billion worth funding gap

Eskom Holdings SOC Ltd would face US$25 billion funding gap even if it put its bonds on sale.

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ADM gets clearance for GrainCorp acquisition

Today, ADM was notified of an approved clearance by the South African Competition for its proposed acquisition of GrainCorp Limited.

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