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 »
January 16, 2019
Africa: How Multinationals Avoid Paying Their Taxes
Two pioneering studies which expose in new detail how multinational corporations avoid paying tax in a developing nation are likely to intensify pressure on the largest firms… Read more »
December 19, 2018
Mozambique: Debt-Ridden Govt Still Financing Gas Stations
The Filipe Nyusi Nyusi-led government continues financing fuel stations in Mozambique to ensure availability of petrol, diesel, cooking gas and oil, Verdade reports. Read more »
December 05, 2018
South Africa: Dark Times Ahead? Cash-Strapped Power Utility Needs Massive Govt Bailout
In light of festive season power cuts, Eskom's woes continue to mount. The embattled power utility plans to ask the government to absorb about R100 billion - nearly U.S.$7.2… Read more »
November 29, 2018
South Africa: Eskom Turns Lights Off With Nationwide Loadshedding
South African energy giant Eskom has embarked on Stage 1 and 2 loadshedding, meaning that it needs to shed up to 2,000 megawatts nationwide, as it faces operational challenges,… Read more »
South Africa: SAA Set for Another Bailout From Govt
South African Airways seems to be well on its way to receiving another bailout after the National Assembly approved a 2018 Special Appropriation Bill, which will allow the national… Read more »
November 22, 2018
Equatorial Guinea: American Company Will Lose Oil Contracts Over Local Laws - Minister
Equatorial Guinea's Minister of Mines and Hydrocarbons, Gabriel Mbaga Obiang Lima, has ordered all energy operators in the country to cancel all contracts with U.S. based oil… Read more »
June 18, 2018
South Africa: Eskom Scraps 0% Wage Offer as Gordhan Steps in
Power utility Eskom has taken its 0% wage increase off the table and resumed negotiations with unions after an intervention by the Department of Public Enterprises, Eyewitness News… Read more »
June 15, 2018
South Africa: Eskom Releases Schedule of Power Cuts
Eskom spokesperson, Khulu Phasiwe, has - via his Twitter account - announced the start of load shedding across the country for a full day. Read more »
