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Gugulakhe Lourie

Cosatu urges review of inflation targeting

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 in costs

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.

India’s Bharti, MTN restart merger talks

MTN and India's Bharti Airtel have revived merger talks to create a -billion telecoms giant spanning Africa, Asia and the Middle East.

Vodacom makes strong debut on JSE

Cellphone company Vodacom Group made a strong start as it debuted on the JSE on Monday.

MTN eyes 25% growth in cellphone customers

MTN, Africa's biggest cellphone operator by subscribers, aims to increase customers by a quarter this year and is eyeing acquisitions.

Telkom first-half profit edges up

Telkom posted a 0,4% rise in first-half headline earnings per share, lifted by its Vodacom mobile unit and growth in Africa.

MTN, Reliance extend exclusive talks

MTN Group and India's Reliance Communications have extended exclusive talks on a potential combination to create a top-10 global telecom group.

Telkom profit down, eyes new mobile entry

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.

ANC says wants senior Zuma ally in Cabinet

The African National Congress (ANC) has asked President Thabo Mbeki to appoint its deputy president to Parliament as a first step to getting him into the Cabinet, an ANC official said on Tuesday. ANC deputy president Kgalema Motlanthe, a left-leaning intellectual and ally of ANC leader Jacob Zuma, has been touted as a compromise presidential candidate.

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