Telkom SA

 

Foreigners to pay 10% premium for Safaricom

George Obulutsa, Wangui Kanina

Foreign investors buying Kenya's Safaricom stock will pay a 0,5 shilling premium per share over the five Kenya shillings that domestic investors will be paying, the government announced on Wednesday. The offering generated over $1,25-billion in bids from established institutional investors, Kenya's privatisation commission said.

Telkom's surge the talk of the town

Evan Pickworth

Telecommunications heavyweight Telkom remained the talk of the town during the morning session on Monday as news of a potential buyout and negotiations with the UK's Vodafone set pulses racing. However, the market as a whole was mixed as resources generally gained some ground, but banks felt the heat from a struggling sector in the United Kingdom.

SA swimmers gear up for Olympics

Staff Reporter

South Africa's swim stars are set to gather in Cape Town this weekend for the final national swimming camp in home waters before they take up the challenge in a series of international galas prior to competing at the Beijing Olympic Games in August.