BLAST FROMT THE PAST: General Electric to double Africa Revenue to $10bn
General Electric says it is seeking to target power, health and locomotive opportunities in the hopes of boosting economies in Africa.
PPC and investors find common ground on board appointments
The cement giant will allow investors to nominate directors to its board – and in doing so, has averted a showdown.
Naspers soars on satellite, rockets on Chinese growth
Africa’s largest company saw first-half earnings increase by 39%, owing partly to interests in emerging markets such as China and Russia.
Vodacom sales rise on African data boom
The telecom giant’s sales rose to R18.3-billion in the second quarter with data revenue from other African countries accelerating growth.
Telkom to cut staff in half to lower costs – union
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.
Naspers profit growth slows on internet investment
Investment in e-commerce has negatively affected the media giant’s balance sheet but the company says its strategy is sound.
Suspended Telkom CFO’s hearing to conclude by year end
Jacques Schindehutte, Telkom’s suspended chief financial officer, expects a disciplinary process into his alleged misconduct to wrap up before 2015.
Spotify in talks with Vodacom over music deal in Africa
International digital music service Spotify is said to be in talks with Vodacom to provide users with access to its music library.
Telkom boss ordered to attend corporate governance course
Telkom chief executive Sipho Maseko has been ordered to attend a corporate governance course or face a R1-million fine or criminal prosecution.
Vodacom and MTN to pay R2.26-billion to take over Nashua Mobile customers
South Africa’s two biggest mobile phone companies will buy Nashua Mobile’s 900 000 mobile subscribers after it deemed its model unsustainable.
