Chris Spillane

PIC still mulling Adcock’s $1.3bn CFR deal

The pharmaceutical company Adcock's biggest shareholder PIC says it has not yet made a decision about whether to support the takeover of CFR.

Vodacom and MTN shares fall as Icasa cuts fees

The market has reacted negatively to news that termination rates will drop by 20 cents in six months time.

Chinese shares make Naspers’s Koos Bekker a billionaire

Koos Bekker has transformed Naspers from an aging business into the best-performing shares on the JSE - becoming a billionaire in the process.

Nollywood goes global as Nigeria filmmakers fight for more funding

There is a growing appetite for well-made Nigerian films, but securing financing from a bank is near impossible.

Vodacom, MTN may be interested in Madagascar acquisition

Telma's mobile operations in the island of Madagascar are up for sale and South African companies may well swoop in.

SA should consider rhino farming and horn trading, says department

The department of environmental affairs has put forward a paper suggesting that rhino horn be allowed to be traded on the Johannesburg bourse.

Vodacom sells Tanzania phone towers to Soros-backed company

In a bid to increase earnings, Vodacom has sold over a thousand phone towers to the George-Soros-backed Helios Towers Tanzania.

Naspers to discuss bond of up to $1-billion for deals

Africa’s largest media company has purportedly discussed a bond sale of $500-million to $1-billion for a seven to 10-year term with investors.

Fitch: MTN exposed to greater risk on Africa expansion plan

The ratings agency warns that MTN's new business model, which foresees ongoing growth on the continent, also exposes it to less certainty.

Telkom’s loss climbs more than 50-fold after impairment cost

The company says its 2013 financial results reaffirm the need to act with urgency to turn the group's performance around.

Standard Bank and Vodacom race for township cash

South Africa's banking and cellphone giants are in a battle to reach the 11-million people in the country with no bank accounts.

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