An exodus of CEOs during the economic downturn is becoming alarming, particularly as there are apparently so few ready replacements.
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EOH has appointed Xolani Mkhwanazi as chairman of the board with immediate effect, replacing co-founder Asher Bohbot, who stepped down at the end of February amid a major shake-up in corporate governance.
On Monday, Apple CEO Tim Cook used his keynote at WWDC by talking about developers for the first 79 seconds of his on-stage time. Apple then spent the next two hours and 16 minutes talking mostly about itself.
Apple CEO Tim Cook has said the company’s new privacy features are about helping users, and not a criticism of firms such as Facebook.
South Africa’s central bank won’t bail out the country’s troubled state-owned companies including power utility Eskom because it would fuel inflation, the governor, Lesetja Kganyago, said.
It isn’t difficult to find the main culprit behind South Africa’s biggest economic contraction in a decade: Eskom, the state-monopoly power provider.
Standard Bank has announced the full list of branches that have been or will be closed, as part of the realignment of “its retail and business banking delivery model”.
South Africa’s economy contracted the most in a decade in the first quarter as the nation suffered the deepest power outages since 2008. The rand dropped and banking shares slumped.
MTN Group’s biggest shareholder is pushing for changes at Africa’s largest mobile phone company to avoid the regulatory, legal and political disputes that have cut its share price by more than half over the past four years.
Apple has debuted a new Mac Pro desktop computer after several years of professional users complaining about the current version. But if you want one, prepare to mortgage your house.