Author: The Bulrushes
Nigerian social media show-off and famed scammer, Hushpuppi, who had the gall to defraud a U.S. law firm of nearly a million American dollars has been sentenced to 11 years in prison. Ramon Abbas, better known as Hushpuppi, Hush, or Ray Hushpuppi was arrested in Dubai in June 2020 and extradited to the U.S, where he has been languishing in jail ever since. Far from the glamourous life of expensive cars and high-end fashion that Hushpuppi portrayed on Instagram, the convicted fraudster was subdued and a sorry sight when he was hauled before the court in prison garb on Friday. Hushpuppi, who turned 40 last…
A cybersecurity firm has urged companies to secure their networks and laptop use. In2IT technologies, which specialises in cybersecurity, warns that: “As a country, we are facing two types of cyber-attacks: one on systems such as networks and the other on people such as phishing”. Rounding off October – cybersecurity month – Amritesh Anand, the In2IT vice president, said: “We are inundated with multiple attacks on both fronts in our customer environments”. Anand added: “It is important to understand that organisation-wide security is a responsibility of every individual.“So, updating policy on a laptop to maintain process level compliance is extremely…
The Human Sciences Research Council (HSRC) Board on Monday announced the appointment of Professor Sarah Mosoetsa as Chief Executive Officer (CEO) of the Council, effective 1 February 2023. Prof Mosoetsa vacates her role as CEO at the National Institute for the Humanities and Social Sciences (NIHSS) to take up the position of CEO at the HSRC. She was instrumental in establishing and setting up the NIHSS in 2013 and held the position of CEO at the Institute since 2014. Prof Mosoetsa holds a doctorate in sociology from the University of the Witwatersrand. She is an associate professor of sociology at…
Famed entrepreneur Elon Musk – the richest man in the world with an estimated fortune of $241 billion – now owns Twitter. Reports from insiders at Twitter said the takeover deal was closed Friday, (28 October 2022), – a court-imposed deadline. Several Twitter bosses have been let go as a result of the finalisation of the – on-off, on-again – $44 billion acquisition that took six months to complete. Reports from the US indicated that as soon as the deal was concluded, Twitter CEO Parag Agrawal was shown the door along with chief financial officer Ned Segal, and top legal and…
The African National Congress (ANC) and the Congress of South African Unions (Cosatu) have come out in support of President Cyril Ramaphosa’s moves to end State Capture. On Sunday night, Ramaphosa used his live broadcast to update the nation on actions he was taking against State Capture as recommended by Justice Raymond Zondo in his six-part State Capture Commission report. “Yesterday, I submitted to Parliament Cabinet’s response to the findings and recommendations of the Commission of Inquiry into State Capture in fulfillment of an order by the Judiciary,” Ramaphosa said. The document with more than 70 pages sets out the…
The Johannesburg Stock Exchange (JSE) has announced the 2022 top traders in the JSE Investment Challenge whose investment portfolios showed better returns than the all-share index. The winners for the 2022 JSE Investment Challenge competition are: Income category: Imhotep – ACCP from ACUDEO College Crystal Park, Gauteng Equity portfolio: Maulana Karenga – ACCP, ACUDEO College Crystal Park, Gauteng Speculator portfolio for schools: CHS WallStreet, Claremont High School, Western Cape. Speculator portfolio for universities: Dancing in the Dark, University of the Witwatersrand, Gauteng The winners outperformed the All-Share Index by Impressive Margins. This year’s competition once again brought together individuals who share a common goal,…
IQbusiness, the largest South African management, and technology consulting firm, on Thursday, announced that it was embarking on a pilot four-day work week. The move follows similar announcements this month from over 90 progressive companies across North America, Australia, and New Zealand. This pilot four-day work week sees employees working 80% of their working week (gaining an extra day off per week), with no loss of pay. hese coordinated trials are run by a not-for-profit coalition of business leaders, community strategists, and advocacy thought leaders invested in the transition to reduced working hours through the entity 4 Day Week Global.…
Former Passenger Rail Agency of SA (PRASA) group chief executive officer, Lucky Montana, and four other board members on Wednesday announced that they have filed papers in the court to review adverse findings against them by the Zondo Commission. In his final report in June this year, Justice Raymond Zondo made damning findings against the rail agency’s former senior executives and suggested a special commission of inquiry be set up to look further into the affairs of PRASA, which he suggested would likely uncover more corruption and wrongdoing. However, on Wednesday those accused on wrong doing in the report said…
The PwC Global Case Competition has opened registrations for South African high school students looking to step into the role of CEO and compete at a global level. Harvard and Uber say they are also set to kick off their own international competitions in the coming months, giving local teens an opportunity to build their university application portfolios while gaining valuable skills. Top international organisations like PwC, Harvard, and Uber are set to kick off their annual worldwide competitions for high school students over the next few months. For ambitious South African teens, this presents an opportunity to compete at…
The South African Federation of Trade Unions (SAFTU) has welcomed the move by the SA Reserve Bank (SARB) to seize the assets of fraud-accused Markus Jooste, the former head honcho at Steinhoff International. The once highly acclaimed accounting graduate of the University of Stellenbosch fell from grace when he became the subject of an investigation into a massive financial scandal at Steinhoff, several years ago. Markus Jooste’s resignation from Steinhoff on 5 December 2017 followed the unearthing of the company’s questionable accounting practices in its European business. The resulting uncertainty saw some €10 billion (R160 billion) of Steinhoff’s value wiped…