Global

Pierre de Wet and Tony Taylor join PBT Group
JSE SENS

Pierre de Wet and Tony Taylor join PBT Group

The management of PBT Group has announced the appointments of Pierre de Wet as chief executive officer, Mr. Tony Taylor as an independent non-executive director and Ms. Cheree Dyers as an independent non-executive director. The company made the disclosure to the Johannesburg Stock Exchange in compliance with paragraph 3.59 of […]

Italy raises fraud alert on Coinspace Ponzi scheme
Ponzi Scheme Scams

Italy raises fraud alert on Coinspace Ponzi scheme

After carpeting OneCoin and declaring it illegal, Coinspace Ponzi scheme has been added to the illegal investment list by Italy’s National Commission for Companies and Stock Exchange, CONSOB. CONSOB is the Nigerian equivalent of the Securities and Exchange Commission, SEC. The commission said after its in-depth investigation, it has concluded […]

Statoil produced 1.9 billion barrels of crude in 2016
Global

Statoil produced 1.9 billion barrels of crude in 2016

Norway’s frontline oil company, Statoil said it produced a total of 1,978 million barrels of crude oil in 2016, the group made the disclosure in its annual sustainability report. The group said while international oil price went below USD30 per barrel, Statoil’s average realised liquids price was still below USD […]

Allan Gray plans to remove Net1 board
Global

Allan Gray plans to remove Net1 board

Africa’s largest investment management company, Allan Gray is looking at using its 16% shareholding in Net1 to overhaul the company’s board over its handling of a contract scandal. Allan Gray said it will exercise its power as the controlling interest to call a shareholders meeting which could lead to the […]