Author: Staff Writer
Leading global beauty and cosmetics company, Avon Justine, has announced that it is once again the Diamond sponsor of the Direct Selling Association’s (DSA) Awards Luncheon held on Tuesday, 23 July, in Johannesburg. Avon Justine SA took the decision to sponsor this event in line with its quest to capacitate the regulatory body and ensure that it undertakes its mandate of ensuring that member companies conduct themselves with the highest level of business ethics. DSA’s worldwide are trade associations with member companies that market products and services to consumers through an independent, entrepreneurial salesforce also known as direct sellers. There are…
One of the last of the original motorsport-inspired BMW 5 Series models unearthed in South Africa. Car number 100 of South Africa-only “homologation” special built at BMW Group Plant Rosslyn to be subjected to full restoration. In December 2018 BMW South Africa announced that it would start restoring the legendary BMW 530 Motorsport Limited Edition (MLE). The restoration process began and included a special appearance by two retired BMW employees who worked at BMW Group Plant Rosslyn in the 1970s and built the legendary cars. Three months ago marked the start of the restoration process and included a special appearance…
MTN prepaid customers could get up to 99% discount on the newly launched MTN Ska Wara Bundle Sale promotion. Staying connected on South Africa’s best network should not be one of the mid-month expenses MTN customers have to juggle with. MTN has introduced an exciting promotion called Ska Wara Bundle Sale, which offers dynamic discounts of up to 99% on bundles purchased through USSD channel when they dial *136*2# and select Ska Wara Sale to purchase the bundles. Customers can qualify for these discounts by buying voice, data and social bundles using the USSD *136*2# or when they dial142#. The…
MTN Group has appointed Thato Motlanthe to the position of Executive for Investor Relations, with effect from 1 September 2019. Motlanthe replaces Nik Kershaw who left MTN Group at the end of May 2019, and will report to Ralph Mupita, MTN Group CFO. Motlanthe brings to the role extensive experience of South African and global capital markets, having worked in both the sell-side and buy-side of equity capital markets. He joins MTN from Absa Asset Management, where he held the role of Portfolio Manager, co-managing the flagship funds within the Equities franchise. Prior to this, he has held senior positions…
Naspers has announced plans to list Prosus on Euronext Amsterdam along with a secondary, inward listing on the Johannesburg Stock Exchange (JSE) in South Africa on Wednesday 11 September 2019. The Cape Town-based company said it expects to own at least 73% of Prosus and the free float is expected to be up to 27%, created by Naspers through a capitalisation issue of Prosus shares to Naspers shareholders (as described below). Last month, Naspers announced it has delayed the listing of its international internet assets on Euronext Amsterdam and secondary, inward listing on JSE. The company attributed the delay to…
In line with international trends and following on the success of Black Friday, the Takealot Group is once again leading the charge with a first-of-its-kind shopping event in South Africa. The Ultimate Checkout Sale is the Takealot Group’s beginnings of creating a South African version of an annual shopping event akin to those already established in the USA, China and India. “The year on year growth of Black Friday is an excellent indication of the appetite for big shopping events in SA. Internationally, annual events such as Amazon’s Prime Day, Alibaba’s Singles Day and Flipkart’s Big Billion Days highlight the…
The Gauteng High Court in Pretoria has set aside the City of Tshwane’s (CoT’s) Municipal Broadband Network Project contract which was awarded to Thobela Telecoms, a special purpose vehicle in which Altron Nexus, a subsidiary of JSE-listed Altron, was a minority shareholder. Altron Nexus was involved as primary network designer and architect, supplier of broadband equipment and related services. Altron Chief Executive Mteto Nyati said Altron was studying the judgement. “We are disappointed and are considering our legal options,” he said. “Once we have consulted Thobela Telecoms and project funders, we will consider our next steps and we are not…
Sasol has reaffirmed its partnership with the Government of Mozambique to deliver on its socio-economic development strategy focusing on the creation of self-employment opportunities for local nationals. In 2017, Sasol committed to contributing towards the training and development of Mozambicans nationals through an all-inclusive bursary, artisans and learnership programmes focusing on economic growth stimulation, community transformation and the creation of meaningful job opportunities and careers in Mozambique. According to the World Bank’s Mozambique Jobs Diagnostic findings report for 2018 “good jobs” in the country “are not expanding fast enough to absorb the growing, better-educated labour force”. The report reflects that…
Troubled JSE-listed technology group EOH has lost two CEOs of its subsidiaries, Nextec and ICT business. The company announced on Monday that Zunaid Mayet, executive director and CEO of EOH subsidiary Nextec, has resigned as the CEO of Nextec and from the EOH Holdings board and various other EOH subsidiary boards. His resignation is with effect from 12 July 2019. Mayet has been at EOH for 10 years and a member of the board for the last two years. He has been involved in driving the new strategy which included the creation of Nextec. In order to ensure a smooth…
Thryve, South African-based provider of insurance, risk and governance technology solutions, has set up shop in Toronto, Canada. The new office is aimed at tapping the fast-emerging and growing digital Canadian market. Thryve is a leading South African company with international partners, providing cloud-based insurance administration, risk management systems and CRM systems to a blue-chip client profile of large South African corporates and insurance intermediaries. Thryve already operates offices in Johannesburg, as well as in London. The expansion into Canada comes at a time when that country’s technology ambitions are booming. Canadian businesses have been quietly yet prolifically transforming to make use of digital…
