News sentiment analysis powered by sentiment-insight.com
Telkom shares fall 5% as it calls off talks with Maseko consortium
Shares in SA's third-biggest mobile operator Telkom fell 5% on Friday. It said it had officially called off talks with a consortium led by former CEO Sipho Maseko. The consortium is backed by the Public Investment Corporation (PIC)
Impala takes control of RBPlat after acquiring key investor's stake Impala Platinum has acquired a 9.26% stake in Royal Bafokeng Platinum (RBPJ.J) South Africa's Public Investment Corporation (PIC) is the biggest shareholder in Impala and Northam Platinum.
PIC to back possible bid to own over a third of Telkom The Public Investment Corporation (PIC) is backing a possible bid for a 35% stake in Telkom. The PIC, which manages more than R2.5 trillion in assets, is in talks to team up with the Sipho Maseko’s investment vehicle Afrifund and Axian Telecom.
'Deeply concerned': PIC board slams executives after AYO settlement The PIC sank billions into AYO, but the settlement deal has netted it only R619 million so far. The board said it was not kept in the loop about the deal. The PIC bought 29% of AyO's shares in late 2017 just days before the IT group listed.
AYO Technology chair Wallace Mgoqi dies IT group AYO Technology Solutions (AYO) said on Tuesday its chair Wallace Mgoqi has died. It comes not long after it reached a controversial settlement with state-owned asset manager the Public Investment Corporation. PIC reached a deal behind closed doors on March 24, abruptly ending a court case.
After sinking R4bn into AYO, PIC will only get R619m back in new deal AYO has revealed the details of its confidential settlement with the Public Investment Corporation (PIC) The IT group will repurchase R619 million in shares from the Government Employees Pension Fund (GEPF) The PIC invests on behalf of the GEPF.
Iqbal Survé-linked IT group AYO reaches settlement with PIC The PIC, which manages the pensions of SA civil servants, had taken AYO to court in a bid to claw back its R4.3 billion investment. After two weeks of arguments in what was set to be a four-week case, the legal teams on Thursday agreed to settle. The settlement was not read out in court.
Survé-linked AEEI to unbundle shares in AYO Technology, court case with PIC to proceed African Equity Empowerment Investments (AEEI) is set to unbundle its shares in AYO Technology. The company is heading to court on Tuesday in a bid by the Public Investment Corporation (PIC) for its money back. The unbundling comprises the distribution of 49.36% of the total issued share capital.
PIC agrees 6.5 billion pound buy-in with RSA's pension... Pension Insurance Corporation agrees 6.5 billion pound buy-in with RSA. Buy-in is the largest ever bulk annuity deal of its kind, PIC said.
Topshop pensioners fashion £1bn funding deal with Aviva The trustees of the Arcadia Group pension scheme are close to striking a binding deal with Aviva. City sources said a formal agreement was likely within weeks. Aviva understood to have seen off competition from rival insurance companies, including Pension Insurance Corporation (PIC)
Sign Up
