Takealot Group will replace long-serving CEO Kim Reid on 1 October. The role will be filled by Mamongae Mahlare, who joins South Africa’s largest online retailer from Illovo Sugar.
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Eskom has suspended several employees after an explosion at Unit 4 at the Medupi power station caused what the utility has described as “extensive damage” to the facility.
Moove, a Nigerian fintech start-up that also operates in South Africa and Ghana, has raised $23-million (R335-million) in series-A funding to expand its tech-based vehicle financing platform.
The Competition Tribunal has given the green light for JSE-listed Transaction Capital to buy a controlling 74.9% stake in South African online car marketplace WeBuyCars. No conditions were attached.
An explosion at the Unit 4 generator at the Medupi power station in Limpopo has knocked out an adjacent unit, Eskom said on Monday. It’s not yet clear if this will lead to load shedding in the coming week.
President Cyril Ramaphosa stamped his authority over the government with last week’s cabinet revamp and sweeping changes to securities agencies, boosting his sway over economic policy.
EOH Holdings is in “advanced negotiations” with the departure of water affairs & sanitation over compensation related to four dodgy contracts awarded to the IT services company worth R474-million.
Johnson & Johnson’s Covid-19 vaccine is working well in South Africa, offering protection against severe disease and death, the head of a trial in the country said on Friday.
President Cyril Ramaphosa announced 10 changes to his cabinet, including the appointment of close political ally Enoch Godongwana as his new finance minister.
South Africa has a new minister and deputy minister of communications & digital technologies, with Stella Ndabeni-Abrahams redeployed to the small business development portfolio.