The flight of top taxpayers has long been a thorn in the side of national treasury. But the coronavirus crisis and recent riots could prove to be a tipping point.
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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.
Safaricom’s rally to a record has made Kenya’s biggest company overvalued, with analysts forecasting a 10% drop in the next 12 months.
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.
Taiwan’s exports started the second half of 2021 as it ended the first, growing at an unrelenting pace fuelled by overseas demand for computer chips and electronic components.
Apple will roll out a system for checking photos for child abuse imagery on a country-by-country basis, depending on local laws, the company said.
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.