South Africa
Sanlam unit in discussions with Nico Holdings over buyout offer - report
An African news outlet said in its report that Sanlam Emerging Markets (SEM) had started its negotiations with Nico Holdings over buying a 49% in its short-term insurance business unit Nico Life Insurance.
South African government intends to obtain a 20% stake in each of new oil and gas projects
The government of South Africa had planned to obtain a 20% free stake in each of new oil development projects.
South Africa's largest telecoms firms may undertake cutbacks if no compromise reached with regulators
MTN and Vodacom may be forced to cut back its business should no compromise be met on mobile termination rates.
South African mobile operators share values and rates cut by regulator edict
Vodacom Group, MTN Group and Telkom would have their respective fortunes change because of the latest regulatory guidelines issued in South Africa.
