Other News

Sanjeev Raghubir to head sustainability at Shoprite
Global JSE SENS

Sanjeev Raghubir to head sustainability at Shoprite

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 sells off BWise to SAI Global
Global Tech

Nasdaq sells off BWise to SAI Global

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 […]

Getting into the streaming game
Tech

Getting into the streaming game

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 […]

AEG Facilities merges with SMG
Global

AEG Facilities merges with SMG

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 buys minority stakes in Soderberg
Big Business Global

KKR buys minority stakes in Soderberg

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 […]

German cyber police investigates security risks of Huawei
Global Tech

German cyber police investigates security risks of Huawei

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 […]

Ponzi Scheme

Why AIM Global is a Ponzi scheme

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 […]

Former Petrofac executives pleads guilty to fraud
Policy

Former Petrofac executives pleads guilty to fraud

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 […]