Tribute | Video message by Graça Machel on the Passing of Archbishop Desmond Mpilo Tutu. Statement by Graça Machel on the Passing of Archbishop Desmond Tutu December 26, 2021 I find myself profoundly saddened by the departure of Archbishop Desmond Tutu and simultaneously in celebration of his rich legacy. Amid these mixed emotions, I mourn ...
Year: <span>2021</span>
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The Life and Times of Archbishop Desmond Tutu, South Africa’s ‘moral compass’ gone at 90
Archbishop Desmond Tutu, a Nobel Peace Prize laureate and veteran of South Africa’s struggle against apartheid who was revered as his nation’s conscience by both Black and white, died on Sunday aged 90. Tutu won the Nobel prize in 1984 in recognition of his non-violent opposition to white minority rule. A decade later, he witnessed the end...
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Diddy Bought Back Sean John out of Bankruptcy for $7.5M
The artist and entrepreneur Sean Diddy Combs bought back the Sean John company for $7.551 million. According to an exclusive from Women’s Wear Daily (WWD), Combs put in a bid to buy back the Sean John brand earlier this month with an initial offer of $3.3 million, and though four other investors also came in with...
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If any year showed the ANC flames post-1994, then 2021 was it
2021: A year of change and challenge for the ANC In March this year, knives were out between the party’s factions as battles got under way about what its “step aside resolution”, taken at the ANC 2017 Nasrec conference, really meant. After much argumentative to-ing and fro-ing, the secretary-general Ace Magashule eventually stepped aside after...
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Credit Suisse Sacks staff after Review into Greensill funds collapse – Report
Credit Suisse has sacked staff and imposed financial penalties on a number of individuals following a review into the collapse of its Greensill-linked supply chain finance funds, the bank said on Wednesday. Switzerland’s second-largest bank earlier this year initiated the investigation after the collapse of $10 billion supply chain finance funds that bought notes issued by...
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Russia fines Twitter for not Deleting banned content – Report
A Moscow court on Thursday said it had fined Twitter 3 million roubles ($40,920) for failing to delete content Russia deems illegal, the latest in a string of penalties against foreign technology firms. Moscow has increased pressure on Big Tech this year in a campaign that critics characterise as an attempt by the Russian authorities to...
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SAGE Acquires the Remaining Shares in UK Cloud Startup Brightpearl for $340 Million
SAGE, accounting software company bought the remaining shares in Brightpearl, the UK based startup in cloud retail management for $340 million. Brightpearl provides a SaaS-based retail operating system, enabling real-time business data insights. Brightpearl CEO Derek O’Carroll said: “Bringing our two teams together will help combine the retail strength of Brightpearl and the scale, brand...
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TikTok Competitor Triller set to Merge with SeaChange International to form TrillerVerz Corp
Triller, short video application and owner of Versuz announced its merger with video-tech company SeaChange International. According to the news reports the combined entity will be valued at $5 billion and the boards of both companies already approved the merger. To someone who doesn’t know what Triller is all about? It operate similar to...
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Dr Makhosi Khoza leaves ActionSA leadership role
The newly launched ActionSA President Herman Mashaba has announced that its KwaZulu-Natal leader Makhosi Khoza will be “taking a step back”. The development was announced by Mashaba in a statement on Thursday. “Over the past few days, engagements have resulted in an outcome in which Dr Makhosi Khoza will be stepping back as the provincial...
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Planet42, Car Subscription service received $30 Million to expand its South African and Mexican operations
Planet42, car subscription business has raised $30 million cash injection to grow its South African and Mexican operations. The investment comprises of $6 million equity and $24 million in debt financing. The early-stage investment vehicle of the company is led by Naspers Foundry with equity round of $3.4 million. Other existing investors include Change Ventures,...