Putprop Limited, a property investment company in South Africa said its Property rental revenue for the year 2017 increased to ZAR57.3 million compared to ZAR51.4 million recorded in the year 2016. The company’s net profit from property operations rose to ZAR53.8 million against ZAR48.1 million in the previous year, while […]
Hulisani has joined the bandwagon. Just as Sasfin Bank dropped KPMG due to the fallout of the company’s handling of audit projects for the Guptas. Hulisani said it will drop KPMG as its auditor, citing reputational risk, its chief executive said on Tuesday. “The risk committee looked at various factors, […]
South African brokerage house Sasfin, disclosed that it has dropped KPMG as its JSE sponsor as well as its auditor after 18 years following recent publicized concerns stemming from the Gupta saga and the SARS “rogue unit” report. The company confirmed in a statement that the partnership has ended. See […]
Over 25 banks in Ghana will have to race against time to meet the new capital requirement announced by the Bank of Ghana (BoG) as their current capital is less than 50 percent of the 400 million cedis quoted by the central bank. According to the requirements, all 35 banks […]
An International Monetary Fund (IMF) staff team, led by Mr. Scott Roger, visited Port Moresby, the sprawling capital of Papua New Guinea during August 31–September 14 for the 2017 Article IV consultation. At the conclusion of the visit, Mr. Roger issued the following statement: “Papua New Guinea (PNG) faces significant […]
TomTom has announced the start of its share buyback programme to repurchase ordinary TomTom shares for an amount up to EUR50 million. The company will use the shares to cover its commitments arising from its stock option and share plans. Based on the closing price of the TomTom share on […]
Total is to acquire GreenFlex, a French company specialized in energy efficiency. The company was founded in 2009, GreenFlex is one of the European leaders in its sector, with more than 600 clients. The company is forecasting revenues of more than EUR350 million in 2017 and employs 230 people. GreenFlex combines […]
Total SA said it will acquire an indirect interest of 23% in EREN RE by subscribing to a capital increase for an amount of €237.5 million. The agreement also gives Total the possibility to take over control of EREN RE after a period of 5 years. Founded in 2012, EREN RE […]
Nielsen Holdings plc has announced the addition of Guerrino De Luca as a member of the company’s board of directors, effective October 19, 2017. De Luca is a seasoned consumer technology executive with more than thirty years of global experience, and significant expertise in strategy, marketing and management. He currently […]
Wunderman, a WPP company and global digital agency, has appointed Stephan Pretorius to the newly created position of UK Group CEO to oversee the group’s growing operations in the UK. Pretorius will be responsible for Wunderman’s businesses in the UK, including Acceleration, Burrows, Cognifide, Fusepump, POSSIBLE, Salmon and Wunderman London, […]