President Jacob Zuma said police will move swiftly to crack down on rioters after violent protests erupted this week over poor services and jobs.
MTN is in talks with a group of lenders to secure a ,5-billion syndicated loan to back its proposed merger with India’s Bharti Airtel.
The powerful Congress of South African Trade Unions reiterated its demand on Saturday that the country’s inflation targeting policy be reviewed.
Telkom aims to save R2-billion over two years through cost cutting measures that include merging its smaller African units, its CFO said on Tuesday.
MTN and India’s Bharti Airtel have revived merger talks to create a -billion telecoms giant spanning Africa, Asia and the Middle East.
Cellphone company Vodacom Group made a strong start as it debuted on the JSE on Monday.
MTN, Africa’s biggest cellphone operator by subscribers, aims to increase customers by a quarter this year and is eyeing acquisitions.
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/ 17 November 2008
Telkom posted a 0,4% rise in first-half headline earnings per share, lifted by its Vodacom mobile unit and growth in Africa.
MTN Group and India’s Reliance Communications have extended exclusive talks on a potential combination to create a top-10 global telecom group.
Telkom posted a 4,4% fall in its headline earnings per share, and said it aims to re-enter the cellphone market by selling its interest in Vodacom.