Sipho Maseko, who announced last week that he will step down as Telkom CEO next year, saved the company from impending ruin. That might sound like an overstatement; it’s not. By Duncan McLeod.
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It’s time for bitcoin’s corporate champions to account for a brutal selloff in the cryptocurrency.
Sipho Maseko is stepping down as CEO of the partially state-owned telecommunications group Telkom after nine years in the job. He will depart on 30 June 2022.
Transnet said on Friday it had identified and isolated the source of the disruption to its IT systems, which impacted its container terminals.
Vodafone Group has hinted it could spin off its African mobile money service M-Pesa after its popularity soared through the coronavirus pandemic.
Vodacom Group reported a strong 9% advance in revenue in the first quarter of its 2022 financial year, reaching R24.8-billion. If it hadn’t been for rand strength, the figure would have been 14.2%.
While government says it is investigating whether the apparent cyberattack on Transnet on Thursday is related to recent unrest in KwaZulu-Natal, a union has appealed for help to protect the state-run logistics and port operator.
Chip maker Intel said it still faces supply chain constraints and gave an annual sales forecast that implied a weak end of the year.
State-owned logistics giant Transnet has fallen victim to a cyberattack, a report said on Friday. Details are still sketchy, but Transnet said an IT-related problem has affected container operations.
Convergence Partners, the private equity investment firm controlled by businessman and entrepreneur Andile Ngcaba, has announced the first close of its third fund after raising $120-million.