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...
Year: <span>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...
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President Ramaphosa Ordered Communications Minister to Cut Mobile Data Prices by 50%
President Cyril Ramaphosa has signed performance agreements with all of his cabinet ministers, detailing the targets they will need to meet. “These contracts aim to strengthen the capacity of the state and increase accountability, the presidency said in a statement on Tuesday 8 December. “These agreements – which are based on the targets contained in...
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Apple Building MacBook Pros with new design and ‘more affordable’ MacBook Air
Top Apple analyst Ming-Chi Kuo of TF International Securities said in a note Wednesday that Apple is building two redesigned MacBook Pros set to launch in 2021 and a new “more affordable” MacBook Air due to launch in 2022. Apple’s MacBooks are overdue for a redesign. It launched a new 13-inch MacBook Pro and MacBook Air in November with...
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Facebook Launches Africa’s First City Guide in Joburg
Facebook has launched its JoziPlug Community City Guide in Johannesburg – the first city on the African continent where the global initiative has been introduced. The JoziPlug is aimed at showcasing Johannesburg’s hidden attractions to visitors and members of the local community whilst supporting small businesses with their economic recovery in the wake of the...
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Shark Tank South Africa Season 2 Returns in 2021
Shark Tank, the award-winning reality show that has reinvigorated entrepreneurship in America, now returns to African shores. The new season of the exhilarating TV show, Shark Tank South Africa, is proudly brought to you by Beryl Group – a Pan-African investment company with a proven track record in diversified investments and key strategic holdings. Scouted by the...
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Gearing up for 2021: Implementing the Right Processes to Retain & Attract Talent
Implementing the right processes for retaining and attracting talent Few would have predicted that the first year of the third decade of the millennium would be turned on its head by a global pandemic. What was to be ‘twenty plenty’ became an anomaly with events that went beyond the realm of normal expectations and changed the way...