Category: Business

Telkom SA has completed the R6.575 billion sale of its Swiftnet tower unit to an Actis‑led consortium. The deal includes around 4,000 masts across South Africa and required clearances from ICASA and the Competition Tribunal. Proceeds will cut debt, boost the balance sheet and fund a special dividend. The move follows a broader trend of South African operators shedding tower assets. Telkom now focuses on its core data‑led growth strategy.

South African business confidence fell sharply during the heated 2024 election period but has since regained ground, with the SACCI index climbing back to over 110. Year‑on‑year figures show a modest improvement, driven by more collaborative government actions, even as the broader economy struggles to grow beyond 0.4% in the first half of the year.

Connecticut's real estate scene is buzzing, with almost 12,000 homes for sale statewide. The median list price lands at $489,500, but options swing from starter condos to sprawling luxury estates. Hartford's market is especially lively, and new listings are popping up daily in both urban and suburban spots, hinting at busy activity for buyers and investors.

Kenya's Finance Bill 2025, now greenlit by the Cabinet, targets tax efficiency and fairness. Unlike last year, the bill skips major new taxes, streamlines refunds, eases burdens for SMEs, and exempts pensions from tax, marking a major change in policy.

A clash between Aliko Dangote and the Nigerian National Petroleum Company (NNPC) over Dangote's $20 billion refinery project has potential ramifications for Nigeria's economic stability. Allegations of malpractice, regulatory disputes, and significant support for Dangote highlight the complexities of this conflict.

Transnet is taking disciplinary action against Pepi Selinga, the chief executive of the Transnet National Ports Authority, following allegations of impropriety. The move, which includes charges against other managers, comes after a thorough investigation by Bowmans attorneys. The investigation was triggered by a forensic report on a tender at the Port of Ngqura.