Staff Reporter
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/ 2 June 2008

Naspers to auction off MWeb

Multinational media company Naspers announced on Monday that, following approaches for the sale of its internet service provider business MWeb, it is initiating an auction process. MWeb is one of the largest residential internet service providers in South Africa and also owns the largest VSAT corporate internet base in sub-Saharan Africa.

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/ 2 June 2008

Smith in doubt for first England Test

South Africa captain Graeme Smith is likely to miss next month’s opening Test against England after sustaining a hamstring injury. Smith (27) picked up the injury while playing in an Indian domestic league match and may have to sit out the opener at the Lord’s cricket ground starting on July 10.

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/ 2 June 2008

Mulaudzi starts campaign in fine style

Mbulaeni Mulaudzi started his international campaign on a high note at the IAAF Golden league meeting in Berlin on Sunday when he clocked a fast time of 1:44,68 in the 800m. Mulaudzi was narrowly beaten by Kenya’s Abraham Chepkirwok who won the race in 1:44,53 but his performance will give his confidence a major boost for the rest of his European campaign.

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/ 2 June 2008

Telkom gets bid from Vodafone

Telkom has had an offer from a Vodafone unit for its half of mobile operator Vodacom, while Mvelaphanda may lead a bid for the whole group minus the Vodacom stake, Telkom said on Monday. Shares in Telkom jumped over 15% to R158, the highest level in six months and valuing the company at R82,28-billion.

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/ 2 June 2008

Eriksson leaves Manchester City after one season

Sven-Goran Eriksson left Manchester City on Monday, less than a year after taking over as coach of the Premier League club. A statement on City’s website said the 60-year-old Swede had parted company with the club by mutual consent. His last competitive game in charge was an 8-1 humiliation at Middlesbrough on the last day of the season.