Chris Spillane

MTN full-year profit gains on rising subscribers and weaker rand

MTN's full-year profit has risen 27% after the rand weakened and subscribers increased.

Vodacom revenue rises on sales outside South Africa

South Africa's biggest mobile operator has seen sales increase by 11% over the quarter as non-South Africans increased their data spending.

Telkom CFO defends loan procedure, says superiors signed off

The granting of a R6-million loan to the now suspended Telkom executive was supported by both the chairperson and head of its remuneration committee.

Telkom ‘workers’ submit letter of fraud, employment grievances

A letter to the company secretary from a group of anonymous people claiming to be employees has urged Telkom to act on a series of allegations.

Suspended Telkom CFO to immediately repay R6-million loan

A loan extended to the suspended Telkom executive may have been in breach of the Companies Act, but the CFO says he followed the correct procedure.

CFR: Opposition to Adcock offer is to deter foreign buyers

The drawn-out battle for Adcock now sees CFR's offer for Adcock now facing resistance from the PIC, which says the offer is not up to scratch.

Radisson Blu tells guests to leave for VIPs

In the run-up to Nelson Mandela's memorial service, the luxury hotel has cancelled exisiting bookings in order to accomodate dignitaries.

Bidvest sues Adcock over CFR deal finance

A day after putting in an offer to acquire part of Adcock Ingram, Bidvest is taking the company to court over an "unlawful" guarantee.

Naspers full-year earnings to be hurt by investment boost

The media giant's bottom line will pay the price as its development spend jumps from R4.3-billion to over R7-billion this financial year.

Telkom gave suspended CFO R6m loan during investigation

A R6-million interest-free loan was given to suspended CFO Jacques Schindehutte while he was being probed for misconduct, confirms Telkom.

Telkom first-half profit jumps 41%

A weak rand and lower payments to operators, as a result of lower termination rates, has seen the fixed-line operator gain.

Vodacom to boost investment in SA

Vodacom has planned to increase investment in the country as it speeds up the pace of network upgrades.

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