Author: Staff Writer
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…
Broadband Infraco has partnered with Google to offer additional skills training under its Digital Skills Programme, “Grow with Google”. This training will be offered to learners and teachers in remote rural areas outside of the school curriculum. The aim of the collaboration is to provide learners and teachers in remote rural areas with the necessary skills to prepare for today’s changing work environments and the impact that the Fourth Industrial Revolution (4IR) will bring about. “Having experienced the roll-out of infrastructure and internet; and noticing the lack of adoption of the connectivity being provided to some of the schools due to…
The new MINI Cooper SE will be the first purely electrically powered premium small car, paving the way to a sustainable yet at the same time highly emotional driving experience in urban traffic. The first solely electrically powered model of the British brand offers pure MINI feeling with locally emissions-free driving. It model-specific lithium-ion battery enables a range of 235 to 270 kilometres. The high-voltage battery is situated deep in the vehicle floor, ensuring there are no limitations in terms of luggage compartment volume as compared to the conventionally powered MINI 3 Door. With the new MINI Cooper SE, the British brand once again…
MTN, South Africa’s second-biggest mobile phone operator, has collaborated with JSE-listed financial services group, Sanlam, to make a range of innovative and inclusive financial services available to MTN’s digitally-savvy customers. “At MTN we believe that everyone deserves the benefit of a modern connected life and that we are uniquely positioned to help make this a reality. By harnessing the power of our technology, we can offer our customers a range of financial services, anytime and anywhere,” said Rob Shuter, Group CEO of MTN. The Insurtech investment and product knowledge of Sanlam, the largest insurer on the continent, matched with the…