The Competition Tribunal has approved the sale of Herotel to Vumatel, but only subject to an extensive set of conditions aimed at safeguarding competition. The decision clears the way for Vumatel, which is already a shareholder in Herotel, to acquire full control of the business. Vumatel, a subsidiary of Maziv, is South Africa’s largest fibre-to-the-home…
Herotel operates fibre infrastructure. The Competition Tribunal has approved the merger in which Vumatel will acquire control of Herotel. In a statement, the tribunal says it has approved the transaction subject to conditions which address competition and public interest-related concerns. The conditions can be accessed here. Vumatel, already a shareholder in Herotel, is South Africa’s…
A cautious calm has settled over the eastern Democratic Republic of the Congo (DRC) city of Uvira in South Kivu province, as residents begin emerging from their homes following its capture by M23 rebels. The capture earlier this week threatens to derail a United States-brokered peace agreement, signed with much fanfare and overseen by President…
Netflix is actively exploring a bid for Warner Bros Discovery’s studio and streaming business, retaining a financial advisor and gaining access to financial information, according to three sources familiar with the matter. The video streaming service has hired Moelis & Co, the investment bank that advised Skydance Media on its successful bid for Paramount Global,…
French media giant Canal+ has successfully taken control of MultiChoice, clearing the necessary regulatory hurdles to complete a complex and long-anticipated acquisition. The company’s initial offer of R125 per share was accepted by over 90% of MultiChoice’s non-Canal+ shareholders, increasing its stake to 94.36%. Canal+ will now invoke a “squeeze out” provision under Section 124(1)…
To amplify Afrobeats’ status as a global powerhouse, Spotify has today announced the launch of its new Global Afrobeats Playlist. The new Global Afrobeats Playlist is a celebration of a sound that has moved from the club to the charts and beyond, influencing global fashion, dance, and culture. In direct response to the genre’s global…
US President Donald Trump had placed Washington’s police department under federal control earlier this week. The administration of US President Donald Trump has reversed course and agreed to leave the Washington, DC police chief in control of the department, after Washington officials and the United States Justice Department negotiated a deal at the urging of…
African e-commerce company Jumia Technologies has drawn takeover interest from telecommunications company Axian Telecom, people familiar with the matter said. Axian, which is based in Mauritius and primarily offers telecommunications services in Africa, raised US$600-million this week to refinance its debt and help fund a possible takeover of Jumia, the people said, asking not to…
Despite a recent surge in terrorist attacks, the region is more at risk of fragmentation than centralised jihadist rule. Insecurity has risen sharply in the Sahel in recent months. Between late May and early June, major attacks claimed by Jama’at Nusrat ul-Islam wa al-Muslimin (JNIM) and the Islamic State in the Greater Sahara (ISGS) targeted…
