MTN says that it has completed a comprehensive review of the group strategy with a focus on accelerating growth, deleveraging the holding company debt and unlocking value. The revised strategy will be presented in more detail following the release of MTN’s 2020 full-year results in March 2021, it said. MTN Group announced the appointment of...
Day: <span>10 December 2020</span>
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Maria Ramos New Chair of Anglogold After Sipho Pityana’s Resignation
Former Absa CEO Maria Ramos is AngloGold Ashanti’s new chairman, after Sipho Pityana resigned with immediate effect on Tuesday without giving a reason. AngloGold has faced controversy after its CEO, Kelvin Dushnisky also quit suddenly earlier this year. While this was ostensibly for personal reasons, the revelation of a $800,000 sign-on cash payment when he joined the company...
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Virgin Money South Africa Re-branded into Spot Money – A New Open Banking Platform
Virgin Money South Africa announced that it has changed its name to Spot Money SA, adopting the name of its Virgin Money Spot app. This follows the acquisition of Virgin Money SA by “a leading private equity firm”, Spot said, in partnership with the local executive management team. Absa recently announced that it was shutting down...
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Tesla, already worth $600 billion, wants to raise another $5 billion in stock – Reports
Tesla is cashing in on the phenomenal rise of its stock price, announcing plans to sell additional shares worth up to $5 billion.The company said the sales will take place “from time to time” at market prices.Tesla has taken advantage of its soaring stock price by selling additional shares before. It frequently did so in...
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The Nigerian-born Adewale “Wally” Adeyemo Nominated to the Top Economic Roles in US
President-elect Joe Biden and Vice President-elect Kamala Harris continue to assemble a cabinet and senior leadership team that will mark the return of professionalism to the nation’s highest offices. The teams are slated to be among the most diverse administrations in American history. Biden’s nomination of Adewale “Wally” Adeyemo for the role of Deputy Secretary of the Treasury fills both of...