The world is changing fast and to keep up you need local knowledge with global context.
Telkom is considering making an offer to buy a majority stake in Cell C that would lead to a combination of South Africa’s third- and fourth-largest mobile-phone companies.
In 2016, The CEO SleepOut took place on The Nelson Mandela Bridge, where 168 c-suite members spent the night outdoors.
Whilst on the Eskom board, Pamensky was also a director of the Guptas’ Oakbay Resources and Energy and remained an Oakbay director until May 2017.
Cell C is seeking to cut its debt by 73 percent as part of a deal that will help it sell a stake to Blue Label Telecoms while retaining its operating license.
If there’s a sector in South Africa that sees constant flux – especially when it comes to high-profile acquisition deals – it’s the local telecoms space.
As you’ll hear from this podcast, there’s a major change in the Biznews SA Champions portfolio offered as a Bundle by EasyEquities.
In capital intensive projects the initiators often go bust. That generates a superior return by the brave buyers who come in next, picking up assets for cents in the dollar. That’s what Blue Label is getting with Cell C.
Embattled mobile network Cell C has rejected an offer to purchase from fixed and wireless operator Telkom, stating transactions with JSE-listed Blue Label Telecoms are still taking place.
Telkom is considering a bid of as much as $1 billion for wireless operator Cell C, which has missed debt payments and is trying to complete a recapitalization, according to three people familiar with matter.
Another South African business success story, Bidvest, has partnered with SA Rugby and will come on board as a sponsor for the three-Test against Ireland.