Africa’s largest retailer, Shoprite Holdings said it has appointed Sanjeev Raghubir as its group sustainability manager. The company said in a statement that Sanjeev Raghubir will be responsible for establishing a comprehensive sustainability strategy for the Group, which will also strengthen its ability to reduce its reliance on natural resources, […]
Nasdaq, Inc., said it has entered into an agreement to sell BWise to SAI Global Pty Limited, a recognized leader of integrated risk management solutions. The closing of this transaction is subject to regulatory approvals, works council and other representative body consultations and notifications in applicable jurisdictions, and customary closing […]
In the last five years, there has been a shift in video and audio content consumption from traditional sources of radio, iPods, cable and payTV to on-demand/streaming platforms such as Netflix, Spotify, Roku, iFlix, BoomPlay, FireTV, iTunes and recently ShowMax. Although the growth has been very benign, this year, Internet […]
Fitch Ratings has appointed Matthew Ginsburg as Chairman, Asia Pacific. The company said Matthew Ginsburg is succeeding Bernard de Lattre, who is stepping down from the role, but will remain at Fitch for the foreseeable future in order to ensure a smooth transition. Reporting to Ian Linnell, President of Fitch […]
AEG Facilities, the venue management subsidiary of AEG, and SMG, an Onex portfolio company, have signed a definitive agreement to merge. This combination will create a new, standalone global facility management and venue services company that will operate as ASM Global. Onex and AEG’s subsidiary will each own 50% of […]
KKR said it has acquired substantial minority shareholding in the founder-led business, with Per-Olof Söderberg Gustaf Rentzhog and other key founding members remaining as long-term shareholders. The transaction is subject to ordinary conditions precedent including regulatory approval, and is expected to be completed during the second quarter of 2019. Söderberg […]
More countries are beginning to look into the potential security risks liked to having Huawei supplying and participating actively in the telecom infrastructure. According to Reuters News which cited a local news platform, Funke Newspaper, Germany’s cybersecurity agency BSI is investigating whether China’s Huawei Technologies could be a security threat […]
There seems to be a major scandal on the way as Jeff Bezos, founder and CEO of Amazon has accused the publisher of the National Enquirer of “extortion and blackmail”. In a blog post, Bezos said the National Enquirer had threatened to publish personal photos of him should he continue to investigate ‘how […]
For those who are familiar with Ponzi schemes, there a new one making waves in the community. Popularly called AIM Global or in full as Alliance in Motion Global, it is a very plausible venture but with unclear intents. Should the merits of AIM Global, it would seem it is […]
London-based Petrofac Plc, said a former employee of its subsidiary yesterday admitted bribery under the UK Bribery Act 2010. The company said in a statement that that no charges have been brought against any Group company or any other officers or employees. Although not charged, a number of Petrofac individuals […]