Shareholders at an unprecedented number of JSE Top 40 companies have, in the past year, voted against remuneration policies and/or their implementation.
Metrofibre Networx, the fibre broadband company led by former Absa CEO Steve Booysen, has secured a new shareholder in the form of African Rainbow Capital (ARC), whose directors include billionaire Patrice Motsepe and former Sanlam CEO Johan van Zyl
Vodacom, the top-rated company in the Reputation Institute’s annual National RepTrak Pulse survey last year, has fared “particularly poorly” in the 2014 edition of the survey, falling to sixth position and behind rival MTN. The survey found that there has been a “bloodbath” in company reputations, with the exception
The Kenyan government is ditching proprietary software in favour of free and open-source software alternatives in a move it hopes will save it money. According to a report in Business Daily, the migration away from proprietary systems will related costs go down by 20% initially but by as much as 80% within three
A decline in revenue was not enough to stop JSE-listed IT services group GijimaAst from reporting a 33% leap in normalised headline earnings per share in the six months to 31 December 2009. It has amassed R623m in cash and declared an interim maiden dividend of 2,5c/share. It’s a significant turnaround for an IT group that little more than five years ago was in dire financial straits