Corporate spat threatens tourism
A showdown is looming between a British mogul, rumoured to be Zimbabwe’s richest man, and the country’s largest cellphone operator.
A showdown is looming between a British mogul, rumoured to be Zimbabwe’s richest man, and the country’s largest cellphone operator.
Zimbabwe cellphone subscribers have increased four-fold since a unity government took office, but firms say they battle to attract investors.
Zimbabwe’s Econet Wireless (Econet) has secured a $60-million loan from Swedish export credit agency EKN to expand telecommunications infrastructure.
The Premier Soccer League’s (PSL) newly announced R500-million sponsorship deal with Absa and the five-year R1,6-billion broadcast deal it struck with SuperSport International confirm South Africa as one of the richest football leagues in Africa and the developing world.