Author: Loni Prinsloo

MTN Group is in advanced talks with Axian Group to sell some of its West African markets, sources say.

Naspers-owned Prosus has continued its selloff of China’s Tencent, bringing its stake in the Chinese internet giant to under 26%.

South Africa risks becoming a “failed nation state” unless government resolves the energy, corruption and unemployment crises, said Ralph Mupita.

IHS Holding is weighing a bid for Telkom’s tower unit, according to people familiar with the matter.

Naspers is backing rent-to-buy car firm Planet42 in a $100-million debt and equity fundraising.

MTN Group said a R13-billion tax bill it received from the Ghanaian government has been scrapped.

The company will build a utility-scale solar farm capable of generating 100MW of power after raising R11.8-billion in funds to assist with its expansion plans.

Prosus and its parent Naspers are planning to cut their corporate workforce by 30%, becoming the latest companies in global tech to announce layoffs.

The Facebook parent’s biggest content moderator in Africa, Sama, is ending its services to the US tech giant.

The ongoing saga over the property development has led some to wonder why Amazon chose the site in the first place.