Loss-making SAA hires Vodacom exec Vuyani Jarana as new CEO
Treasury confirmed the appointment of Vodacom Group executive Vuyani Jarana as the first permanent CEO of the state-owned carrier since November 2015.
Treasury confirmed the appointment of Vodacom Group executive Vuyani Jarana as the first permanent CEO of the state-owned carrier since November 2015.
South Africa is in advanced talks about the terms of the sale of some or all of its 27.7 billion rand ($2.3 billion) stake in Vodafone Group Plc’s African unit
Vodafone Group Plc and Liberty Global Plc are discussing a range of potential transactions, including an outright merger, amid consolidation in the telecommunications industry
Vodacom, South Africa’s largest wireless operator by subscribers, will raise the price of most of its subscription contracts from May as it seeks to revive sales amid slower economic growth.
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Orange is considering a variety of options including takeovers, partnerships and an initial public offering of its African unit, the people said. It has also looked at certain African assets owned by Millicom International Cellular SA.
Cell C plans to tell regulators next week that its business is threatened by the proposed Vodacom acquisition of Neotel.
Vodacom Group Ltd. (VOD), the wireless operator with the most subscribers in South Africa, reduced its earnings forecast as cuts to mobile termination rates and weak consumer spendingin its home market curb growth. The shares fell the most in more than nine months.