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.

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.

Promoted | Fibre provider Vuma aims to showcase the creative talent of South Africans through an initiative called My Community Cooks. Through partnerships in Soweto, it hopes to do just that.

Promoted | Huawei recently partnered with the Digital Council Africa to host a series of 5G training and education sessions. Watch them here.

Promoted | In this video, International Data Corp’s vice president of research for data centre and multi-cloud networks, Brad Casemore, introduces the Autonomous Driving Datacenter Network Index.

Promoted | In this roundtable, local experts gathered to discuss edge computing and the bandwidth, security and management risks it poses.

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.