Browsing: Mvelaphanda

Gijima has filled the long-vacant chief financial officer post at the listed IT services company. Ernst Röth will replace Carlos Ferreira, who resigned last July. Liesl Tweedie had been standing in in the position in an acting capacity. Röth has also been named to the board of the financially troubled company. For

A harsh spotlight is shining on Michael Hulley, Jacob Zuma’s personal lawyer and presidential legal adviser, who was responsible for the legal integrity of a social grants megatender that has turned out to be a mess. The SA Social Security Agency appointed Hulley in July last year as a “strategic adviser … to ensure

The Public Investment Corporation (PIC) has decided not to support the buyout of media and entertainment group Avusa by the Times Media Group, it was reported on Tuesday. The PIC, a 17% shareholder in Avusa, said as a “concerned shareholder” it was worried about Avusa’s underperformance

The Mvelaphanda Group announced a cash-and-share offer on Tuesday to buy media group Avusa, which publishes the Sunday Times and which owns cinema chain Nu Metro and retailer Exclusive Books. The offer would be made through its wholly-owned subsidiary Richtrau No 229. Mvela currently owns