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mvelaphanda grouplatest news & developments

Sexwale resigns as executive chair of Mvela Group

Tokyo Sexwale has officially resigned as executive chairperson of Mvelaphanda Group.

Sexwale to resign from chair of Mvelaphanda

Tokyo Sexwale, sworn in on Monday as Minister of Human Settlements, is planning to quit his post as executive chairperson of the Mvelaphanda Group.

Telkom gets bid from Vodafone

Telkom has had an offer from a Vodafone unit for its half of mobile operator Vodacom, while Mvelaphanda may lead a bid for the whole group minus the Vodacom stake, Telkom said on…

M&G says Sexwale deal not on the table

Mail & Guardian publisher Trevor Ncube has scotched rumours that Tokyo Sexwale’s Mvelaphanda Group is planning to buy a 30% stake in the newspaper. Ncube said that the company…

Mbeki: Govt not behind Johncom bid

President Thabo Mbeki has denied that the government is behind the Koni Media Holdings’ bid to buy media giant Johncom. He described as ”irrational” the media storm around the…

Mvelaphanda to buy stake in Vox Telecom

South African investment group Mvelaphanda Group will buy 12,3% of telecommunications firm Vox Telecom for R292,3-million in cash. Mvelaphanda said that Vox Telecom — which…

Mvela in new talks that may affect shares

South African investment firm Mvelaphanda Group (Mvela) said on Wednesday that it was in talks that may affect its share price if successfully concluded, sending its stock price…

Company denies govt involvement in Johncom bid

Koni Media Holdings on Sunday denied government involvement in its bid to take over media and entertainment company Johncom. ”Koni Media strongly denies any involvement of the…

JSE a tad higher ahead of Fed verdict

The JSE rose modestly at noon on Tuesday as investors became more optimistic that the United States Federal Reserve would cut interest rates, which would bolster Wall Street.…

A giant leap backwards for SA soccer

A lack of sponsorship and an insufficient number of clubs from coastal areas have set the football National First Division about four years back. Club officials this week…