Chris Spillane

General Electric says it is seeking to target power, health and locomotive opportunities in the hopes of boosting economies in Africa.

The cement giant will allow investors to nominate directors to its board – and in doing so, has averted a showdown.

Africa’s largest company saw first-half earnings increase by 39%, owing partly to interests in emerging markets such as China and Russia.

The telecom giant’s sales rose to R18.3-billion in the second quarter with data revenue from other African countries accelerating growth.

The union plans to take Telkom to court to prevent the firing of 9 500 of it’s workers but the company says no such number has been specified as yet.

Investment in e-commerce has negatively affected the media giant’s balance sheet but the company says its strategy is sound.

Jacques Schindehutte, Telkom’s suspended chief financial officer, expects a disciplinary process into his alleged misconduct to wrap up before 2015.

International digital music service Spotify is said to be in talks with Vodacom to provide users with access to its music library.

Telkom chief executive Sipho Maseko has been ordered to attend a corporate governance course or face a R1-million fine or criminal prosecution.

South Africa’s two biggest mobile phone companies will buy Nashua Mobile’s 900 000 mobile subscribers after it deemed its model unsustainable.

South Africa, Africa’s biggest maize producer, has had to import yellow maize for the first time since April 2012 as stocks remain tight.

Weeks of rain in the north and east of the country will have an impact on infrastructure spend, construction revenues and even maize harvesting.

Escalting tensions in Ukraine are causing cereal supply disruptions to South Africa and pushing up food prices.

A deal between the telecommunications giants could help reduce the cost of wireless business.

The Johannesburg Stock Exchange has introduced contracts that allow investors to protect against changes in diesel prices.