Investment In Brief
- Telkom South Africa Ltd. is considering an offer for its pay-television unit, Telkom Media, Telkom had halted plans for the unit to start services. The buyer, if the transaction is complete, hopes to begin transmitting the television service in the first quarter of next year, the Johannesburg-based newspaper said, citing the people. The newspaper didn't identify the prospective buyer. However, local rumour has it that it will be another telecoms company.
- The Cape Town Film Studios project has met critical mid-year deadlines with the awarding of three tenders relating to the upgrading of the R310 highway, bulk infrastructure and the construction of the studio buildings themselves.The anticipated capital expenditure of the entire project is estimated to be in excess of R430-million over the next seven years.