Global

Hermanus Lambertus joins FirstRand
JSE SENS

Hermanus Lambertus joins FirstRand

The largest financial services group in Africa, FirstRand has announced the appointment of Mr Hermanus Lambertus Bosman as a non-executive director of the group. His appointment cuts across FirstRand and its wholly-owned subsidiary, FirstRand Bank Limited. The group said in an email statement that the Office of the Registrar of […]

Liska Schutte resigns from Visual International
JSE SENS

Liska Schutte resigns from Visual International

Visual International has announced the resignation Liska Schutte has resigned as Financial Director of Visual with effect from 10 April 2017. The company said Liska will continue to provide outsource services to Visual until further notice, including the finalisation of the audited results for the year ended 28 February 2017. […]

ABInBev completes the sale of Distell Group
Global

ABInBev completes the sale of Distell Group

Anheuser-Busch InBev has completed the sale of Distell Group the Public Investment Corporation (SOC) Limited AB InBev announced the disposal in an email statement disclosing that the sale of the unit was required as a condition of the South African Competition Tribunal’s approval on 30.June 2016 of the business combination […]

Fitch downgrades South Africa’s Eskom
Global

Fitch downgrades South Africa’s Eskom

Another South African company has come under fire from Fitch Ratings. This time around, Eskom, the country’s struggling power provider has been downgraded. Fitch Ratings said in its statement that it has downgraded Eskom’s Long-term local currency Issuer Default Rating (IDR) and the Senior unsecured local currency rating to ‘BB+’ […]