SA Gov considering sale of Vodacom stake

South Africa’s government is considering selling its $2.5 billion stake in the local unit of Vodafone Plc to raise funds for state power utility Eskom, Bloomberg News reported on Wednesday.

Cell C to restructure €77.4m worth of debt

JOHANNESBURG (Reuters) – South African mobile operator Cell C said on Thursday it would look to restructure 77.4 million euros worth of senior debt, a move that could help improve its cash management. Cell C, which is majority owned by Saudi construction and telecom group Saudi Oger Ltd, faces stiff competition from bigger rivals Vodacom Group and MTN … Read more

Vodacom quarterly results show spike in data revenue and active customers

Vodacom released its quarterly update for the period ended 30 June 2014. Vodacom holds a current market cap of R187.6bn and is trading at a price to earnings ratio of 14.08. Its share price is up 9.65% over the last year. Overview of results: Group revenue increased 4.3% (2.7%*) to R18 287 million Group service revenue … Read more

BEE shares: winners and losers. Riaz Gardee unpacks key factors

Broad-based black economic empowerment share schemes have dominated headlines over the last few years as companies have sought to find a formula that will allow them to increase black shareholders at a reasonable cost. Typically, BEE share schemes are highly leveraged plays on an underlying stake in the empowering company that use dividend flows to … Read more