MTN’s top brass in line for R160-million share windfall

MTN’s top brass in line for R160-million share windfall

MTN Group CEO Ralph Mupita MTN Group CEO Ralph Mupita has been awarded conditional shares worth nearly R40-million under the telecommunications group’s long-running performance share plan, the company disclosed on Tuesday. In a notice to shareholders published on the JSE’s stock exchange news service, MTN said Mupita had been allocated 207 633 shares at R192.50 each…

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The Tanzanian businesswoman seeing millions in fish feed

The Tanzanian businesswoman seeing millions in fish feed

Diana Orembe Interview with Diana OrembeCO-FOUNDER AND CEO, NOVFEED Lives in: Tanzania This year, Tanzanian entrepreneur Diana Orembe expects her business, NovFeed, to generate well over $1 million in sales. The company produces fish feed and organic fertiliser. In December, Orembe took home first prize in the Africa’s Business Heroes entrepreneurship competition. How we made…

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SA, China strengthen sci-tech ties

SA, China strengthen sci-tech ties

The SA and Chinese delegation during a courtesy visit at the South African Radio Astronomy Observatory. (Image source: DSTI) South Africa and China’s science, technology and innovation deputy ministers have reaffirmed their countries’ bilateral agreement in science and technology. The collaborative engagement between the two deputies – Dr Nomalungelo Gina and Chen Jiachang – took…

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Naamsa CEO Mikel Mabasa to step down

Naamsa CEO Mikel Mabasa to step down

Outgoing Naamsa CEO Mikel Mabasa Mikel Mabasa, CEO of the Automotive Business Council (Naamsa), is stepping down after six and a half years in the role, the industry body said on Tuesday. In a brief statement, Naamsa said Mabasa was leaving “to pursue personal interests outside the organisation”. It did not give a departure date…

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Africa: Strongest Evidence Yet That Vaping Likely Causes Cancer

Afreximbank to Avail U.S.$10 Billion Under Its Gulf Crisis Response Programme (Gcrp) to Shield African and Caricom Economies From the Ongoing Conflict

To counter the severe economic shocks triggered by the escalating conflict in the Middle East, the Board of Directors of African Export-Import Bank (Afreximbank) has approved a US$10 billion Gulf Crisis Response Programme (GCRP) to insulate African and Caribbean economies, financial institutions and corporates from the impacts of the ongoing Gulf crisis. The conflict, which…

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‘It’s time to say no’

‘It’s time to say no’

At the 1988 Republican National Convention in New Orleans, George H.W. Bush swore an oath to his party: “Read my lips: No new taxes.“ Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. He won the election. Then, he raised taxes. The move alienated Republican activists, and GOP lore…

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Standard Bank notifies clients of data breach

Standard Bank notifies clients of data breach

Standard Bank has suffered a data breach. Standard Bank, Africa’s biggest bank by assets, has informed its business clients of a data breach that exposed their personal information. “We are writing to inform you of a recent incident that involved unauthorised access to certain data within the Standard Bank of South Africa’s environment,” says the…

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