Niveus Investments said it has appointed Yunis Shaik as its new chief executive officer. Yunis Shaik will take over from Muriel Loftie-Eaton who has resigned as chief executive officer of the Company, with effect from 1 August 2018. The company also announced the resignation of Carolyn Kristal has resigned as […]
South Africa’s NEPI Rockcastle has announced the appointment of Mr. Sipho Majija as a non-independent non-executive director of the Company with effect from 6 June 2018. The company disclosed that Mr. Majija has been an employee of Fortress REIT Limited since its listing in 2009 and joined the Fortress board […]
Stanbic Africa Holdings, a wholly-owned subsidiary of Standard Bank Group Limited said it has acquired more stake in Stanbic IBTC Holdings PLC. Stanbic IBTC Holdings PLC said in the statement that the acquisition is an additional 1,141,191,943 (one billion, one hundred and forty-one million, one hundred and ninety-one thousand, nine […]
Datatec Limited said Chris Seabrooke will retire from the Board at the AGM on 20 September 2018. As previously announced, Chris will stand down from the Audit, Risk and Compliance Committee, both as Chairman and member on 31 May 2018. Johnson Njeke will succeed Chris as Audit, Risk and Compliance […]
Telkom SA said Mr Sibusiso Luthuli has been appointed to the board of directors of the Company as non-executive director with effect from 25 May 2018. Sibusiso Luthuli, a qualified chartered accountant, is the former Chief Executive and Principal Officer of the Eskom Pension and Provident Fund, a position he […]
South Africa’s Old Mutual Private Equity has acquired 50% interest in Medhold Group. Medhold is a net supplier of medical devices. Old Mutual Private Equity said in a statement that the transaction has obtained unconditional approval from the Competition Commission in South Africa and pending approval from the Competition Commission […]
South Africa has now confirmed the appointment of Phakamani Hadebe as the new chief executive officer of Eskom. Eskom is South Africa’s power company that has been bedeviled by a combination of debt and aging generation and transmission infrastructure that leads to frequent power cuts. Mr Phakamani Hadebe is a […]
Murray & Roberts Holdings Limited said it is looking at a potential transaction, proposing to make an all share offer to acquire the entire issued share capital of Aveng Limited. The acquisition is also proposed to implement a solution to enable the early redemption of the Aveng convertible bonds. Henry […]
South Africa’s MTN Group said about $120 million of its cash could be tied down in Iran as a result of new US sanctions. It would be recalled that President Donald Trump had pulled out of the Joint Comprehensive Plan of Action (JCPOA). The company said in a statement that: […]
South Africa’s largest political opposition, Democratic Alliance has just sacked the Mayor of Cape Town, Patricia de Lille over ‘irreconcilable differences’. “Patricia de Lille is no longer the mayor of Cape Town because she is no longer a member of the DA,” the deputy chairperson of the Democratic Alliance’s federal […]