October 09, 2019
South Africa: A Stay In or Out of Jail for Old Mutual Directors?
Old Mutual has pleaded with the South Gauteng High Court, saying the potential imprisonment of board members - if they are found guilty of contempt of court for not allowing ousted… Read more »
October 04, 2019
South Africa: Old Mutual's Peter Moyo Sues Employer for U.S.$16 Million
Former Old Mutual CEO, Peter Moyo is suing the insurance group for R250-million (U.S.$16, 509 500) or be permanently reinstated. Read more »
October 02, 2019
Sierra Leone: Idris Elba to Help Bring Economic Prosperity to Sherbro Island
The British award-winning actor and musician has committed to developing Sherbro Island into a world-class city as part of his drive to give back to Sierra Leone. Read more »
September 09, 2019
South Africa: Peter Moyo Turned Away From Work By Old Mutual - Again
Peter Moyo, the on-off Old Mutual CEO, has been turned away from his place of work, Old Mutual Sandton, for a second time. This despite a court order that allowed him to return. Read more »
August 22, 2019
South Africa: Old Mutual's Peter Moyo Fired a Second Time
In response to a Old Mutual shareholder request for the board to finalize matters with CEO Peter Moyo, the insurer has fired him for the second time. Read more »
South Sudan: More Black Gold Struck - 300 Million Barrels, and Counting
300 million barrels of recoverable oil has been discovered in South Sudan's northeastern Upper Nile state, by a consortium comprising the Dar Petroleum Operating Company (DOPC),… Read more »
August 21, 2019
South Africa: 'Please Call Me' Inventor Wants U.S.$656 Million from Vodacom
The inventor of Vodacom's Please Call Me service, Nkosana Kenneth Makate, has refused a U.S.$3 million (R47 million) settlement offer from the cellular service provider in favour… Read more »
August 06, 2019
South Africa: A 'Dear Friend' SMS From Markus Jooste Adds to His Steinhoff Woes
A 'Dear Friend' SMS of apology from Markus Jooste days before the news of the Steinhoff firm's rot was exposed, has been handed in as evidence in a court case that is seeing the… Read more »
July 31, 2019
Africa: Old Mutual's Peter Moyo Wins First Round, But What Reception Will He Get?
Old Mutual's Peter Moyo returned to work today after a South-Gauteng High Court ruling temporarily reinstated him as CEO, after his suspension and subsequent dismissal by his… Read more »
July 30, 2019
South Africa: Court Orders Reinstatement of Old Mutual's Former CEO Peter Moyo
The South-Gauteng High Court has ordered the reinstatement of former Old Mutual CEO Peter Moyo after his suspension and subsequent dismissal by the company's board, which cited… Read more »
July 23, 2019
Africa: CEOs and Their Salaries of Millions - Is it Par for the Course?
A chief executive officer (CEO) is elected by the board of a company and its shareholders. He or she is the highest-ranking executive in a company, whose primary responsibilities… Read more »
Africa: Showmax Hits Nigerian Homes
It seems like Netflix will continue its fight for dominance with Showmax, as the latter launches in Nigeria. Read more »
South Africa: Naspers CEO Earns U.S.$12.8 Million In A Year (And More)
Naspers Group CEO Bob van Dijk received almost R1.9-billion in salary, incentives, and vested share options and shares appreciation rights in the year to March 2019, reports… Read more »
July 08, 2019
Africa: The Long Road to Fixing Africa's Infrastructure Deficit - Here's How
Samaila Zubairu - an accomplished Infrastructure development finance specialist with over 29 years of professional experience who the third President & Chief Executive Officer… Read more »
July 03, 2019
South Africa: Ex Old Mutual CEO Accuses Chair Trevor Manuel of 'Triple Conflict'
Fired Old Mutual CEO Peter Moyo has filed papers in the South Gauteng High Court against his former employer who first suspended, then dismissed him on June 18, 2019. He is also… Read more »
June 25, 2019
Lesotho: Mohair Farmers Suffer Depression, Suicide Amid Trade Crisis
Lesotho Prince Seeiso Bereng Seeiso, chief of the royal village of Matsieng and co-patron of world renowned charity Sentebale alongside the United Kingdom's Prince Harry, has said… Read more »
June 07, 2019
South Africa: South African Airways Appoints Zukiswa Ramasia as Interim CEO
National carrier South African Airways has appointed Zukiswa Ramasia as its interim CEO following the resignation of Vuyani Jarana last week. Read more »
May 17, 2019
South Africa: Peter Moyo Suspended as CEO of Insurance Giant Old Mutual
Peter Moyo, the chief executive of Old Mutual Limited and Old Mutual Life Assurance Company Limited, has been suspended by the Old Mutual Board who said the decision was based… Read more »
May 20, 2019
Africa: Huawei's Google Support Crippled After Trump Blacklist
Several technical services between Huawei and Google have been suspended following a decision by the Trump administration to blacklist the Chinese telecoms giant, Reuters reports. Read more »
February 14, 2019
South Africa: Banks That Manipulate the Rand - Are Millions in Fines a Deterrent?
British multinational banking and financial services company, Standard Chartered has pleaded guilty to manipulating currencies, including the rand, between 2007 and… Read more »
South Africa: Public Enterprises Minister Gordhan Trying to Put Out Eskom's Flames of Crisis
Public Enterprises Minister Pravin Gordhan told parliament's public enterprises committee on Wednesday that he intends to hold responsible those who contributed to the design flaws… Read more »
February 06, 2019
Ethiopia: Ethiopia Gets Its Teff Back
The Ethiopian government is celebrating a major victory in a long-running dispute over who owns the patent for products made from teff - an ancient grain that forms the basis of… Read more »
January 31, 2019
South Africa: South Africa's Top Woman CEO Retires - Where Will Ramos Go Now?
The retirement announcement of Absa Group CEO Maria Ramos has sparked speculation about what could be next for "the fixer", who was part of the national treasury in 1994, and went… Read more »
January 30, 2019
South Africa: Supporters of 'Please Call Me' Inventor Vow to take on Vodacom
Supporters of Nkosana Makate, inventor of Vodacom's "Please Call Me", have vowed to shut down the service provider's head offices in Midrand on Thursday, 702 reports. Read more »
January 28, 2019
Africa: Are the Days of WhatsApp Chain Messages Numbered?
"Saturday morning whatsapp will become chargeable. If you have at least 10 contacts send them this message." Sound familiar? This and more chain messages - many of which promise… Read more »