Vuyani Jarana, the former chief officer of Vodacom Business and former CEO of South African Airways, has invested in mobile telecommunications infrastructure supplier Mobax.
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Vodacom Group on Thursday rubbished a report suggesting its CEO, Shameel Joosub, will soon leave the helm of the telecommunications operator to take on a new role as CEO of Vodafone Africa.
An exodus of CEOs during the economic downturn is becoming alarming, particularly as there are apparently so few ready replacements.
South African Airways CEO Vuyani Jarana has quit the financially stricken state-owned company, citing a lack of funding and drop in government support for the carrier’s turnaround plan.