Disruptions are making Southern Africa more important to global shipping and energy markets without making the region more prosperous. Countermeasures to offset reduced energy exports shipped from Persian Gulf countries through the Strait of Hormuz are now failing, with significant global impacts, including for Africa. Saudi Arabia has prioritised its East-West pipeline to bypass the…
Datatec CEO Jens Montanana Datatec is bringing in General Atlantic – a major global growth equity firm – as a minority investor and lender in Westcon-Comstor, its networking and cybersecurity distribution arm. The deal values Westcon at US$950-million (roughly R15.5-billion) and generates about $434-million (R7.1-billion) in cash for Datatec, which it intends to pay out…
MTN Group CEO Ralph Mupita MTN Group CEO Ralph Mupita has been awarded conditional shares worth nearly R40-million under the telecommunications group’s long-running performance share plan, the company disclosed on Tuesday. In a notice to shareholders published on the JSE’s stock exchange news service, MTN said Mupita had been allocated 207 633 shares at R192.50 each…
Nonkqubela Thathakahle Jordan-Dyani, director-general of the Department of Communications and Digital Technologies. The South African government, which is the majority shareholder in telecommunications firm Telkom, has earned over R500 million after the JSE-listed company resumed dividend payouts. The company today published its annual financial results and ordinary and special dividend declaration for the year ended…
