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.
A R6-million interest-free loan was given to suspended CFO Jacques Schindehutte while he was being probed for misconduct, confirms Telkom.
A weak rand and lower payments to operators, as a result of lower termination rates, has seen the fixed-line operator gain.
Vodacom has planned to increase investment in the country as it speeds up the pace of network upgrades.
The pharmaceutical company Adcock’s biggest shareholder PIC says it has not yet made a decision about whether to support the takeover of CFR.
The market has reacted negatively to news that termination rates will drop by 20 cents in six months time.
Koos Bekker has transformed Naspers from an aging business into the best-performing shares on the JSE – becoming a billionaire in the process.
There is a growing appetite for well-made Nigerian films, but securing financing from a bank is near impossible.
Telma’s mobile operations in the island of Madagascar are up for sale and South African companies may well swoop in.
The department of environmental affairs has put forward a paper suggesting that rhino horn be allowed to be traded on the Johannesburg bourse.