Zunaid Mayet, Rob Godlonton and Pumeza Bam were not implicated in corruption and were not dismissed, EOH Holdings CEO Stephen van Coller said on Tuesday.
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US technology giants are headed for their biggest antitrust showdown with congress in 20 years as lawmakers and regulators demand to know whether companies such as Google and Facebook use their dominance to squelch innovation.
Two of EOH Holdings’ most senior executives have resigned. Zunaid Mayet, a former group CEO and most recently CEO of Nextec, and Rob Godlonton, the CEO of EOH’s ICT business, have quit with immediate effect.
EOH Holdings CEO Stephen van Coller will hold a media conference on Tuesday morning at which he is expected to publish the findings of an ENSafrica investigation into alleged corruption in the group’s public sector contracts.
South African online payments provider PayFast is ditching bitcoin as a payment method, saying the cryptocurrency has several “limitations and design flaws that make it an impractical substitute for cash”.
Vumatel has started rolling out fibre-to-the-home broadband in Mitchell’s Plain, while at the same time it is finally gearing up to begin a roll-out of fibre in the impoverished Johannesburg suburb of Alexandra.
In this episode of the podcast, Duncan McLeod interviews Vumatel CEO Dietlof Mare about the fibre-to-the-home provider’s roll-out of fibre to Mitchell’s Plain and the company’s plan to deploy fibre infrastructure in Alexandra.
The EU’s Galileo satellite navigation system has been down for four days as a result of a technical incident on the ground.
A finding by the commission last week regarding MTN’s empowerment scheme’s contravention of the B-BBEE Act will have wide implications for similar schemes operated by other listed companies.
While Nedbank CEO Mike Brown is optimistic, the government will have to make hard decisions, with the burden ultimately falling on the South African public to shoulder the bill.