Staff Reporter
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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.

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/ 2 June 2008

Sexwale bids R90-billion for Telkom

Former politician turned businessman Tokyo Sexwale’s company has launched a R90-billion conditional bid for fixed-line operator Telkom, a newspaper reported on Sunday. Sexwale, an ally of ruling African National Congress president Jacob Zuma, turned down a nomination to be part of the ruling party’s top six officials but remains a supporter.

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/ 2 June 2008

Immigrants moved to tent camps

South African authorities on Sunday began transferring busloads of immigrants who have been sheltering in police stations from a wave of xenophobic attacks to organised tent camps, officials said. A total of 10 camps are due to be built in the next few weeks to house up to 10 000 foreign nationals who have been forced out of their homes.