Telkom sheds Swiftnet in R6.75bn deal

Information and communication technology group Telkom has sold its masts and towers infrastructure subsidiary Swiftnet for R6.75-billion to consortium Towerco Bidco. The newly incorporated entity Towerco Bidco comprises of equity investors led and managed by Actis, which holds 70% of the purchaser’s shares, with the balance of 30% held by Royal Bafokeng Holdings. Read More Engineering News | Home

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How Internet in Africa works

Today’s podcast sees us welcome a familiar face (Emmanuel Paul) as we discuss: New registration fees for Nigerian crypto exchanges Ethiopian bank loses $40 million to system glitch Nigeria’s $593.6 million loss to Internet disruption Subscribe to The Modern Workplace/, Equity Merchants/, Techpoint Digest/ and  Intelpoint’s newsletter/ Timestamps 00:00 – Intro 01:40 – New registration fees for Nigerian crypto exchange 14:55 – …

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South Africa needs more black billionaires – Matona

Broad-Based Black Economic Empowerment Commissioner Tshediso Matona has said it is necessary to “dispel the myth” that black industrialist multimillionaires or billionaires should not exist because of the large and growing gap between the wealthy and the indigent. Speaking as part of a panel at the Black Industrialists and Exporters Conference, in Sandton, on March 20, he said that, if black …

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Public Enterprises Committee refers SAA takeover matter to SIU for investigation

The Portfolio Committee on Public Enterprises has decided to refer the matter of the Takatso Consortium’s now-cancelled plans to buy a 51% stake in South African Airways (SAA) to the Special Investigating Unit (SIU) for further investigation. Public Enterprises Minister Pravin Gordhan last week announced that the transaction negotiations had been terminated, owing to no agreement having been reached on the …

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Competition Commission to tackle economic concentration by large companies, Ramaphosa promises

Government will be setting a target for the Competition Commission to undertake market inquiries in more strategic sectors of the economy over the next few years to address high levels of economic concentration by major companies and low participation by small- to medium-sized enterprises, President Cyril Ramaphosa has said. “We need to open up the economy and make it more inclusive. …

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Transnet chief urges formal comment on Network Statement while acknowledging cool reception to …

Transnet CEO Michelle Phillips has acknowledged the initial negative reaction to a proposed tariff methodology published for comment by the interim Infrastructure Manager (IM) alongside the country’s inaugural draft Network Statement, which will be used to govern access to the railway network for all train operators, including Transnet Freight Rail and private operators. However, speaking during the African Rail Industry …

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