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Naspers and Prosus, the European-listed spin-off of Naspers, have appointed Ervin Tu as group chief of investments, strategy and mergers & acquisitions of both companies.

Consumer price inflation accelerated to a 30-month high of 5.2% year on year in May, moving above the midpoint of the central bank’s target range for the first time since Covid-19 struck.

World News

The Brics Cable, a superfast broadband submarine network that will extend from the east of Russia to the US via SA, and which will cost as much as US$1,5bn to construct, is already at an advanced stage of planning and should be ready by mid to late 2014, according to Andrew Mthembu, the SA businessman

Dimension Data’s long-serving Africa and Middle East CEO Allan Cawood is stepping down at the end of May. This has triggered a management shake-up at the technology services group, with Internet Solutions (IS) MD Derek Wilcocks taking over the position