South African wireless operator Vodacom had laid out plans to increase its investments through increased pace of network upgrades according to its Chief Executive Officer Shameer Joosub.
Tags: South Africa
South Africa's Rupert offers ZAR2.34 billion to acquire ElementOne
Wealthy businessman Johann Rupert of South Aftica has offered ZAR2.34 billion to purchase ElementOne, a company which owns a large stake in Caxton and CTP Publishers and Printers, according to the Sunday Times.
Chilean drug maker CFR makes BEE pledge in Adcock takeover
Chile-based drug firm CFR Pharmaceuticals promised a 25.1% stake for its black shareholders should the acquisition of local pharmaceutical company Adcock Ingram be approved, in line with South Africa's black economic empowerment (BEE) codes.
Burger King forms joint venture to take on McDonald's in France
Burger King Worldwide Inc. formed a joint venture with Bertrand Holding Co. and Naxicap Partners to open new stores in France in the first half of next year. Burger King returned to the country last year, opening three stores with Italian restaurant operator Autogrill.
Tel Aviv University's Ramot closes USD17 million for breakthrough technologies fund
Ramot Tel Aviv University Ltd secured USD17 million in funding for its Technology Innovation Momentum Fund, which will invest in breakthrough technologies in various industries.
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British Home Stores (BHS) faced rumors about foreign companies trying to convince Sir Philip Green to sell the troubled department store chain.
Johannesburg-based Standard Bank said it would be selling its London-based trading unit to a yet-unconfirmed buyer.
Royal Dutch Shell South Africa GM Jan Willem Eggink confirmed the well drilling as well as the conduct of an environmental impact study.
Beijing-based wind farm operator China Longyuan Power Group Corp won a bid to jointly develop wind farms with local companies in South Africa.
The government of South Africa had planned to obtain a 20% free stake in each of new oil development projects.
MTN and Vodacom may be forced to cut back its business should no compromise be met on mobile termination rates.
Vodacom Group, MTN Group and Telkom would have their respective fortunes change because of the latest regulatory guidelines issued in South Africa.
Brazil, Russia, India, China and South Africa have all agreed to create a USD100 billion fund as buffer for financial shocks.
South African Airways and Brazil's TAM Airlines signed a codeshare agreement to increase travelers' access to destinations in both countries.
