Tag Archives | South Africa

Iran, South Africa Agree to Boost ICT Cooperation

Iran’s Minister of Communication and Information Technology Mohammad Javad Azari Jahromi and his South African counterpart agreed to promote cooperation between the two countries in the area of information communication technology (ICT). In a meeting held on the sidelines of ITU Telecom World 2017, taking place in Busan, South Korea, Azari Jahromi and Azwihangwisi Faith […]

Iran Keen to Cement Ties with South Africa

Iranian President Hassan Rouhani said it is the Islamic Republic’s unwavering policy to promote relations with all African nations, South Africa in particular. Speaking at a meeting with Speaker of the National Assembly of South Africa Baleka Mbete in Tehran on Saturday, President Rouhani described Tehran-Pretoria relations as “cordial and growing”. He further pointed to […]

Iran, S. Africa Consider Reciprocal Investment

Iranian Parliament Speaker Ali Larijani held talks with his South African counterpart on facilitating reciprocal investment in various industries. Speaking at a joint press conference with his South African counterpart Baleka Mbete after their meeting in Tehran on Saturday, Larijani said he had good negotiations with the visiting African official on the investment opportunities available […]

MTN’s IIG Expands 40-fold

By John Lee. South African telco MTN has given an update on its operations in Iran. In its financial results for the year ended 31 December 2016, the company said its MTN Irancell benefited from the country’s youthful demographics and higher smartphone penetration. Irancell is 51-percent owned by the state-owned Iran Electronic Industries. Iran Internet […]

MTN makes $295m Investment in Iran’s Telecoms Market

MTN has reached an agreement with Iran whereby the South African telecommunications company would invest more than $295 million in the Islamic Republic’s Net, a report said. “This investment, should it be completed, represents an opportunity to capitalize on the continued strong growth expected in the Iranian broadband market, with an initial focus on eight […]

South Africa eyes Missile System Sale to Iran: Report

South Africa is seeking to sell surface-to-air missile system to the Islamic Republic of Iran, a report said. According to the report carried by mybroadband website on Saturday, South Africa has applied to the United Nations Security Council to sell missiles worth R1.5 billion ($118 million) to Iran. The report added that this will be […]

MTN reviewing further Investment Opportunities in Iran

By John Lee. South African telecom giant MTN Group has said the repatriation of monies from MTN Irancell is “expected to be normalised“. The company said that, following the easing of sanctions, it expects growth in the Iranian economy, and sees significant opportunities to expand its services, particularly in the digital space. In its full-year results […]

South Africa’s MTN Eyes Expansion in Iran

A senior official with South Africa’s telecom giant MTN Group said it plans to increase its presence in Iran’s lucrative market following the removal of anti-Tehran sanctions. “We’re very excited about Iran and the possibilities there,” MTN’s newly appointed head of strategy, mergers and acquisitions, Stephen van Coller, said in an interview with Reuters. “That […]

MTN Invests in “Iran’s Uber”

By John Lee. South African mobile phone company MTN Group has agreed to invest $22 million in Snapp.ir, Iran’s first cab-hailing smartphone app. Snapp CEO Shahram Shahkar informed Bloomberg that the funds would be used to allow the company to expand quickly from Tehran into other cities. He said it has grown to about 500,000 subscribers […]

Iran Begins LNG Exports to Kenya, Tanzania, S Africa

Iran has started exports of liquefied natural gas (LNG) to Kenya, Tanzania and South Africa, an official announced. Esmaeel Hasham Firouz, the export-import director of the National Iranian Oil Products Distribution Company (NIOPDC), said the Islamic Republic has begun to ship excess natural gas supplies as LNG to the three African countries. He said the […]

Iran to Cooperate with South Africa on Desalination Plants

By John Lee. As the worst drought in living memory grips South Africa, it has partnered with Iran to develop seawater desalination plants, according to a report from Reuters. Water and Sanitation Minister Nomvula Mokonyane (pictured) told reporters: “Now with the partnership that we have entered into through the binational commission between SA and Iran, […]

Tehran, Pretoria Ink GTL, Oil Blending Deal

Iran and South Africa signed an agreement for production of gas to liquids (GTL) and crude oil blending on Sunday in a push to transfer clean fuel technology to a ban-free Islamic Republic of Iran. From Iran, Research Institute of Petroleum Industry (RIPI) and from South Africa, state-run PetroSA signed the deal. The agreement was […]

Over 200 Foreign Investors Active in Iran Capital Market

The number of foreign shareholders in the capital market of Iran is now more than 200, the Managing Director of the Central Securities Depository of Iran (CSDI) has said. Last month 9 natural shareholders from Romania, Russia, South Africa, Italy, Britain (2 people), Kuwait, Pakistan, and Afghanistan received their codes to be active in the […]

South Africans Conclude Successful Visit to Iran

Deputy President Cyril Ramaphosa concluded a successful three-day working visit to the Islamic Republic of Iran on Monday, 9 November 2015 where he led a high level government and trade delegation to consolidate bilateral political, economic and trade relations between the two countries. Deputy President Ramaphosa’s visit took place following the signing of the Joint […]