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Mvelaphanda Group

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Article
/ 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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Article
/ 12 November 2007

Mbeki: Govt not behind Johncom bid

President Thabo Mbeki has denied that the government is behind the Koni Media Holdings’ bid to buy media giant Johncom. He described as ”irrational” the media storm around the bid by Koni — which is partly owned by Foreign Affairs spokesperson Ronnie Mamoepa, presidential political adviser Titus Mafolo and former chief of protocol Billy Modise.

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Article
/ 8 November 2007

Mvelaphanda to buy stake in Vox Telecom

South African investment group Mvelaphanda Group will buy 12,3% of telecommunications firm Vox Telecom for R292,3-million in cash. Mvelaphanda said that Vox Telecom — which provides voice and data services — is ideally placed to benefit from the development of the South African telecoms industry.

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/ 7 November 2007

Mvela in new talks that may affect shares

South African investment firm Mvelaphanda Group (Mvela) said on Wednesday that it was in talks that may affect its share price if successfully concluded, sending its stock price higher. Mvela said the cautionary was not related to the deal in which the firm said it had agreed with fund management group Allan Gray to buy up to 30% of Johnnic Communications’ media unit.

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/ 30 October 2007

JSE a tad higher ahead of Fed verdict

The JSE rose modestly at noon on Tuesday as investors became more optimistic that the United States Federal Reserve would cut interest rates, which would bolster Wall Street. Investors cheered the news that Tokyo Sexwale’s Mevelaphanda group plans to buy up to 30% of Johncom’s to-be-formed Opco.

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/ 14 September 2007

A giant leap backwards for SA soccer

A lack of sponsorship and an insufficient number of clubs from coastal areas have set the football National First Division about four years back. Club officials this week reluctantly accepted a proposal by the Premier Soccer League to divide it into two different leagues, known as the Coastal and Inland Streams, thereby robbing it of its national identity.

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