South Africa’s crop committee raises record maize estimate by 2 percent

File photo of a hawker preparing a cob of corn at his makeshift shop in Soweto

A hawker prepares a cob of corn at his makeshift shop in Soweto, January 27, 2016. PHOTO: Siphiwe Sibeko/Reuters

South Africa will harvest 15,969 million tonnes of maize this season, the biggest crop on record after improved weather conditions across the maize belt boosted yields, the government’s Crop Estimates Committee (CEC) said on Wednesday.

The estimate is up 2 percent compared to the CEC’s June forecast of 15.6 million tonnes. The previous record harvest of 14.656 million tonnes was set in 1981.

The CEC estimate came in just above a forecast by analysts and traders who pegged this year’s crop at 15.77 million tonnes.

The harvest will comprise 9.507 million tonnes of white maize, the regional staple used for human consumption, and 6.462 million tonnes of yellow, the bulk of which is used in animal feed, the CEC’s sixth production forecast of the season said.

The 2017 harvest will also be more than double the previous season, which was only 7.78 million tonnes following an El Nino-triggered drought that impacted yields, pushed up food prices and fuelled inflation.

The Johannesburg stock exchange’s white maize futures contract due in December has fallen 65 percent from its peak of 5,376 rand a tonne hit in January last year to close at 1,872 rand on Wednesday, helping to dampen inflation and food prices.

Originally reported by Reuters.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
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South Africa’s retail sales up 1.7 percent year/year in May

A customer leaves the Markham clothing shop at a mall in Midrand outside Johannesburg

A customer leaves the Markham clothing shop at a mall in Midrand outside Johannesburg, South Africa, April 28, 2016. Photo: REUTERS/Siphiwe Sibeko

South African retail sales rose by 1.7 percent year-on-year in May, beating market expectations, after increasing by revised 2 percent in April, data from the statistics office showed on Wednesday.

Analysts polled by Reuters had forecast a 0.3 percent year-on-year fall in retail sales in May.

On a month-on-month basis, sales rose by 0.9 percent and were up 1.5 percent in the three months to May compared with the same period last year, Statistics South Africa said.

Originally reported by Reuters.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Africa :
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For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
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The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

Enel Green Power Gives Renewable Energy to New Paediatric Surgery Hospital in Uganda

Enel Green Power (EGP) is participating in the project of Emergency and the architect Renzo Piano for the construction of a paediatric surgery hospital in Entebbe, Uganda, which will become the new centre of paediatric excellence in Africa.

EGP will provide 2,600 thin-film photovoltaic modules manufactured at its 3Sun factory in Catania, for a total of 289.24 kWp (kilowatt peak). The plant, which can be connected to the local medium voltage distribution grid, will give the new hospital energy autonomy and sustainability.

“We are proud to participate in this project, which will allow thousands of African children to be operated on and cared for”, says Francesco Venturini, Enel’s Head of Global Renewable Energies Division Enel Green Power. “For our company, social responsibility also means being present and making a tangible contribution to important initiatives for the populations of the countries in which we operate. The hospital, also thanks to our photovoltaic system, will boast high energy efficiency standards and will be an example of sustainability and Italian technological excellence”.

The photovoltaic system will be installed on the roof of the hospital in such a way as to ensure its integration with the hospital’s architecture, and it will also shelter the underlying structures from sunlight and rain. EGP will provide both the photovoltaic modules and the engineering and site assistance services during installation and testing, as well as covering the cost of transporting the panels.

EGP has involved three other Italian donors in the construction of the plant: Santerno (supply and transportation of inverters and other materials), Agatos (design and testing assistance), Terni Energia (supply and transportation of materials, installation and testing).

The new hospital, designed by the architect Renzo Piano, is fully integrated in the surrounding environment. It will have three operating rooms and 78 beds and will make a significant contribution to improving health standards in the area, as well as serving as a focal point for children with surgical needs from all over Africa. The hospital will also be a training centre for young doctors and nurses from Uganda and neighbouring countries.

Africa is a major area of development for EGP, which is currently present in South Africa with over 400 MW of installed capacity and also has development projects in Zambia, Kenya and Morocco.

Originally reported by Aspire Africa.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Africa :
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For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
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Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

IBM to Train 25 Million Africans for Free to Build Workforce

International Business Machines Corp. is ramping up its digital-skills training program to accommodate as many as 25 million Africans in the next five years, looking toward building a future workforce on the continent.

The U.S. tech giant plans to make an initial investment of 945 million rand ($70 million) to roll out the training initiative in South Africa, a country where 31 percent of people between 15 and 24 are unemployed, according to Statistics South Africa. Other countries set to benefit in this program include Nigeria, Kenya, Morocco and Egypt, enabling the expansion of the project across the continent.

“Africa will have the largest workforce by 2040 and IBM wants to lay the foundation blocks to build a digital workforce,’’ Juan Pablo Napoli, head of IBM Skills Academy, said by phone from Dubai. “We will be providing a free cloud-based learning platform able to train people from basic computer skills to high-end app development.”

The move may help bring and keep digital jobs in Africa instead of losing them to India, said Hamilton Ratshefola, IBM’s country manager for South Africa. As many as 50,000 such jobs are currently farmed out from Africa, predominantly to India, Ratshefola said.

“If the program is implemented successfully over the five-year period all these jobs can be moved to Africa, where people will be equipped with the right set of skills,” he said.

The company has partnered with the United Nations in extending the initiative throughout Africa. IBM is also talking to a number of other potential partners, including mobile-phone companies, to further scale the program, Ratshefola said. In South Africa, IBM already is working with phone carrier Vodacom Group Ltd., he said.

Originally reported by Bloomberg.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Africa :
Email : africa@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
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Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

Interpol arrests alleged ringleader of £45m scamming network

A Nigerian man accused of being the ringleader of an online fraud network that scammed more than $60m (£45m) from companies around the world has been arrested after months of investigation, Interpol said.

The 40-year-old, known only as Mike, was arrested in June along with a 38-year-old in the Nigerian oil capital of Port Harcourt.

He is accused of scamming hundreds of victims and running a network of at least 40 people working from Nigeria, Malaysia and South Africa.

The man is also said to have money-laundering contacts in China, Europe and the US, who provided bank account details for the illicit cash flow.

“In one case, a target was conned into paying out $15.4m,” Interpol said. “The network compromised email accounts of small to medium businesses around the world including Australia, Canada, India, Malaysia, Romania, South Africa, Thailand and the United States.”

The scams included a supplier’s email being compromised and fake messages sent to a buyer with instructions for payment to a bank account under the network’s control, or the email account of a high-level executive being taken over and a request for a wire transfer sent to an employee responsible for handling such requests.

Noboru Nakatani, the executive director of the Interpol Global Complex for Innovation, said such crime “poses a significant and growing threat, with tens of thousands of companies victimised in recent years”. The public, and especially businesses, he added, needed to be alert to this type of cyber-enabled fraud.

The arrest was carried out with the support of Nigeria’s anti-fraud agency, the Economic and Financial Crimes Commission (EFCC).

“Following his arrest in Port Harcourt in southern Nigeria, a forensic examination of devices seized by the EFCC showed he [the suspect] had been involved in a range of criminal activities, including business email compromise and romance scams,” Interpol said.

The suspects face charges including hacking, conspiracy and obtaining money under false pretences. They are on bail pending further investigation.

Originally reported by The Guardian.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all security matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable security advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Africa :
Email : africa@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
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Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

With the Creation of an All-Africa Passport, a Push Toward African Unity?

 

The African Union is set to launch a common electronic passport that would grant visa-free travel to all of its 54 member-states, a move that hits at the organization’s long-running goal of more closely linking nations from across the continent.

The passport will first be issued to heads of state and senior officials at the AU’s summit in Kigali, Rwanda, later this month, with the Union saying it aims to provide passports to all African citizens by 2020.

But the AU’s efforts to create a common passport, which observers say is in line with the organization’s mission dating back to its earlier iteration as the Organization of African Unity, comes as the European Union faces growing fissures in the wake of Britain’s landmark vote to leave.

While Britain’s vote came amid campaigns that appealed to economic concerns, a sense of national sovereignty and what some say were racially-tinged anti-immigrant sentiments, for the AU nations, many of them with a relatively recent colonial past, a common passport appeals to an shared ideal of Pan-Africanism.

“The passport is a way to deepen the integration of Africa as one continent,” says Rita Kiki Edozie, who co-authored a book about the AU, which replaced the earlier OAU in 2002.

“I see it as an African Union at least attempting to address the concerns of African people,” Dr. Edozie, a professor of international relations and African affairs at Michigan State University, tells The Christian Science Monitor.

But the AU has also faced concerns about whether its leadership is truly concerned about the citizens of its member states, much like the EU, she says.

In that sense, the passports may represent an offering to a growing cosmopolitan middle class that hopes to take advantage of the mobility and economic benefits offered by visa-free travel.

This flagship project has the specific aim of facilitating free movement of persons, goods and services around the continent in order to foster intra-Africa trade, integration and socio-economic development,” the Union said in a statement on June 13, only weeks before Britain’s vote to leave the EU.

Such smaller-scale efforts are on the rise across the continent, with the AU noting visa-free plans underway in Ghana and Mauritius.

The Economic Community of West African States (ECOWAS) has long offered visa-free travel to citizens of its member states, including Liberia, Mali, Nigeria, and Senegal. The AU has also made passports a key part of its Agenda 2063 plan, which aims to create a common trading market for its member-states by 2063.

But implementing the common passports for all African citizens could be a complex task.

The AU’s proposal is intended to be a common a standard for electronic passports, while individual member states will still have to work out how individual citizens will actually receive the visa-free travel benefits, notes Bronwen Manby, a visiting senior fellow at the London School of Economics who has studied citizenship issues in Africa.

“I think a disproportionate amount of emphasis has been placed on what’s the document, how its going to look, rather than who is West African for example,” she tells the Monitor. “An ECOWAS biometric identity document is not going to solve the issue of who’s Ivorian and who isn’t and that question of statelessness.”

Stateleness is a particular concern. Many millions of Africans currently lack official documentation of nationality, though its hard to estimate how many are stateless. In some countries, Dr. Manby finds, access to citizenship is made difficult by factors such as rules limiting rights to citizenship for the children of foreigners, racial, ethnic and gender discrimination and lack of accommodation for a nomadic lifestyle.

“I think a lot of this focus has been around technical issues and not enough emphasis on migration, on how do your procedures work and how to incorporate people [into a particular country],” she adds.

The African Union and the European Union also face somewhat different issues, though some concerns are linked. One is the possibility of racially-tinged backlash that could result from any plan to roll out passports to citizens of all the AU’s member states, particularly in South Africa, notes Professor Edozie, of Michigan State.

A diplomatic move might also counterbalance that potential opposition. Nkosazana Dlamini-Zuma, the current head of the African Union Commission, is stepping down as she is rumored to be discussing a run for president of South Africa as part of the ruling African National Congress party.

The AU’s own position means it’s less likely to spark the kind of populist backlash that fueled the “Leave” campaign in Britain, says Manby of the London School of Economics.

“The people who interact with the AU are those that are going to be aware of it and thinking about it,” she says. “The proverbial taxi driver doesn’t express frustration with the AU in the way that the proverbial taxi driver would in Britain about the EU.”

The AU’s timeline, however, is still ambitious.

“It’s a little bit of an ideal to achieve, all [the AU is] saying is that they’re providing visas, they’re not saying they’re providing citizenship, to provide visas might be realistic, but citizenship is a different question,” says Edozie.

But Khabele Matlosa, the AU’s director of political affairs, says the move to open borders between member states could have a large-scale impact on young people traveling large distances in search of work.

Africa’s history also means that a move toward a common passport has drawn a different reaction than the debates that have roiled Europe, he told CNN.

Africa is a continent of migrants so we are not as suspicious of refugees,” Mr. Matlosa said. “This is a test of our Pan-Africanism, the doctrine which underpins the African Union’s existence. We are committed to this philosophy.”

Originally published by The Christian Science Monitor.

These materials are not intended and should not be used as legal / investment advice or other recommendation. If you need a legal / investment opinion on a specific issue or factual situation, please contact a lawyer / investment advisor. Anyone using these materials should not rely on them as a substitute for legal / investment advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries or to Request a Personal Quote Feel Free to Contact :

Mr. Francis Thomas Matthews,
Deputy Global Director, No. 8
Marketing Research & Development Division,
Email : deputy.gd.8@cwiilgroup.eu
Voice : +45.8176.1924
Connect : LinkedIn I Twitter I Facebook I Tumblr

For Queries Specific to Africa :
Email: africa@cwiilgroup.comhq@cwiilgroup.eu
Web: www.cwiilgroup.comwww.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

Telkom Said to Seek Cell C for Less Than $1.6 Billion Price – Investment Advice from CWIIL Group

Telkom SA SOC Ltd. is seeking to buy mobile-phone operator Cell C Pty Ltd. for less than the 22 billion rand ($1.6 billion) value placed on the South African company by its owners, according to a person familiar with the situation.

Telkom, South Africa’s biggest landline company, is prepared to pay no more than 18 billion rand for the business, according to the person, who asked not to be identified as the matter is private. Cell C’s 75 percent shareholder, Dubai-based Oger Telecom Ltd., put the higher price-tag on the company, which includes 14 billion rand of debt, according to a second person familiar with the talks.

Telkom operates South Africa’s fourth-biggest mobile phone provider and is seeking to grow the business to help offset declining sales at its larger fixed-line unit. Cell C is the country’s no. 3 wireless operator, behind market leaders Vodacom Group Ltd. and MTN Group Ltd. Telkom Chairman Jabu Mabuza said last month he sees an acquisition of Cell C as a possible way to expand the unit.

“We cannot comment as this is a shareholder matter,” Cell C spokeswoman Karin Fourie said by e-mail. Telkom is a publicly traded company and reports information when necessary, spokeswoman Jacqui O’Sullivan said by e-mail.

Telkom shares fell 1.1 percent to 66.79 rand as of 3:14 p.m. in Johannesburg, valuing the Pretoria-based company at 35.2 billion rand. The shares have declined 4.1 percent this year, compared with a 7.2 percent gain on the FTSE/JSE Africa All-Share Index. Telkom is about 40 percent owned by the South African government.

Cell C Chief Executive Officer Jose Dos Santos told Johannesburg’s Talk Radio 702 on Sept. 23 that the company has held talks with Telkom about a potential takeover. Telkom said Monday it’s in negotiations that could affect its share price, without giving further details in a statement to the stock exchange in Johannesburg.

These materials are not intended and should not be used as legal / investment advice or other recommendation. If you need a legal / investment opinion on a specific issue or factual situation, please contact a lawyer / investment advisor. Anyone using these materials should not rely on them as a substitute for legal / investment advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries or to Request a Personal Quote Feel Free to Contact :

Mr. Francis Thomas Matthews,
Deputy Global Director, No. 8
Marketing Research & Development Division,
Email : deputy.gd.8@cwiilgroup.eu
Voice : +45.8176.1924
Connect : LinkedIn I Twitter I Facebook I Tumblr

For Queries Specific to Africa :
Email: africa@cwiilgroup.comhq@cwiilgroup.eu
Web: www.cwiilgroup.comwww.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.