Naspers sells R24bn in Prosus shares to buy back its own

Investor interest prompts company to sell shares in subsidiary, cutting its shareholding to 72.5%

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Africa-focused fintech Flutterwave partners with WorldPay

The Nigerian start-up, based in San Francisco, is WorldPay’s only partner in Africa

Openserve signs international pacts to restore internet

SA has been experiencing slow, unstable internet due to undersea cable breaks

Telkom to start retrenchment talks with unions

The parties have about two months to reach a resolution as 3,000 workers face the chop

Slow internet likely to remain for a while

No date yet for completion of repairs on broken undersea communications cables

Samsung names Taemoon Roh head of smartphone division

Roh will also assume responsibility for repairing the mobile division’s reputation

Naspers discount grows as Tencent shares rally in Hong Kong

Largest shareholder Prosus has not felt the full benefit, with the gap rising over the same period

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WATCH: Why Telkom has warned of job losses

Telkom’s executive for group communications, Mooketsi Mocumi, talks to Business Day TV

Government calls for urgent talks on Telkom’s job cuts plan

Telkom shares rise more than 8% on news the company plans to retrench 3,000 workers

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Huawei and suppliers still face restrictions despite US-China trade pact

Morgan Stanley analysts forecast Huawei’s total smartphone volume at 200-million in 2020  or 40-million down on 2019

Gordian Kyomukama appointed CEO of MTN South Sudan

Kyomukama started in MTN Uganda as part of the firm’s pioneer team and has also undertaken secondments in Rwanda, Cameroon and Ivory Coast

Unions threaten drastic action at Telkom to fight job cuts

Unions have threatened to camp outside the ANC's headquarters and to have Telkom's board declared delinquent

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Naspers CEO Bob van Dijk gains a cool R1bn from share incentives

Van Dijk could earn as much as R234.6m in total remuneration for 2020

WATCH: How a Vodacom-Cell C deal could shake up the telecoms sector

Africa Analysis telecoms analyst Dobek Pater talks to Business Day TV about the merits of Vodacom acquiring Cell C’s contract customers

Prosus raises R18bn through bond issuance

Netherlands-based Prosus, which recently lost its battle for delivery service Just Eat, will use the bulk of the cash to pay off a bond due in July 2020

What SA’s cryptocurrency experts predict for 2020

Executives of SA’s leading cryptocurrency exchanges Luno and AltcoinTrader say evolving crypto and clearer regulations bode well for the industry

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.