Naspers, the largest listed company in Africa, said it was not worried about Netflix’s arrival in South Africa, adding it believed the market for video on demand was large enough to accommodate more players.
A rapid roll-out of fiber optic broadband in upmarket South African neighborhoods has caught the attention of Internet video streaming companies who are racing to capture a slice of a lucrative, untapped market.
The Public Investment Corp., Africa’s biggest money manager, is considering increasing its stake in Vodacom Group Ltd. by buying government-owned shares in the wireless operator, people familiar with the plans said.
All telecom companies operating in Tanzania will be listed on the local stock exchange by the end of the year, the country’s deputy communication, science and technology minister said on Wednesday, days after a deadline for them to do so had passed.
Spotify Ltd. is in talks with Vodacom Group Ltd. (VOD) on a partnership that would mark the music-streaming service’s first foray into the African continent, according to two people familiar with the matter.