JSE SENS

MTN Nigerian unit to IPO by August
Big Business JSE SENS

MTN Nigerian unit to IPO by August

MTN Group’s local unit in Nigeria, MTN Nigeria said it plans to stage its initial public offering by next month, August. MTN Nigeria, the country’s largest mobile carrier has been mulling the IPO since 2016 after it reached an agreement with the Nigerian government to give local investors stake in […]

SA Central Bank denies Capitec probe
Global JSE SENS

SA Central Bank denies Capitec probe

The Central Bank of South Africa has denied a media report that it was carrying out a probe into Capitec, a major lender in the country. Based on a Bloomberg report, the central bank was reported to have queried Capitec’s loan origination fees. A new report by Businessday South Africa […]

Naspers invests $210 Million in Swiggy
JSE SENS Tech

Naspers invests $210 Million in Swiggy

Naspers Limited said it made an additional investment in Swiggy, an online food ordering and delivery platform in India. The Series G investment round is expected to close upon satisfaction of customary closing conditions. The participation in this US$210m Series G funding round is Naspers’ third investment in Swiggy, after […]

Chris Seabrooke retires from Datatec
JSE SENS

Chris Seabrooke retires from Datatec

Datatec Limited said Chris Seabrooke will retire from the Board at the AGM on 20 September 2018. As previously announced, Chris will stand down from the Audit, Risk and Compliance Committee, both as Chairman and member on 31 May 2018. Johnson Njeke will succeed Chris as Audit, Risk and Compliance […]

Sibusiso Luthuli joins Telkom board
Big Business JSE SENS

Sibusiso Luthuli joins Telkom board

Telkom SA said Mr Sibusiso Luthuli has been appointed to the board of directors of the Company as non-executive director with effect from 25 May 2018. Sibusiso Luthuli, a qualified chartered accountant, is the former Chief Executive and Principal Officer of the Eskom Pension and Provident Fund, a position he […]