Valdene Reddy JSE CEO Leila Fourie is to retire early next year after nearly six-and-a-half years at the helm and will be succeeded by the head of the bourse’s capital markets, Valdene Reddy, the group said on Thursday. Reddy’s appointment is effective from 1 April 2026, it said in a statement. She has been with…
Daniel Ek, the founder and CEO who built Spotify into a global streaming leader, will step down from his executive position in January to become the company’s Executive Chairman. The move is part of a major structural overhaul that introduces a co-CEO model as Spotify intensifies its efforts to fend off competitors and shore up…
E-commerce will soon reach an important milestone in South Africa: by January, according to World Wide Worx research, online shopping will top 10% of total retail sales for the first time. The move to 15% and then to 20% will come much quicker. That’s the view of Frederik Zietsman, CEO of Naspers-owned Takealot Group –…
Willington Ngwepe CEO of LicenceCo. Former Independent Communications Authority of South Africa (ICASA) CEO and MTN executive, Willington Ngwepe, has been appointed as CEO of the newly-created LicenceCo, the holder of South Africa’s subscription broadcasting licence for DStv. The company also announced the appointment of its board of directors today. LicenceCo was formed as part…
Shares of USA Rare Earth jumped in extended trading Thursday, after CEO Barbara Humpton told CNBC that the rare earth miner is “in close communication” with the White House. Humpton’s comment comes after the Trump administration took a 5% equity stake in Lithium Americas this week. The Defense Department took a 15% stake in rare…
Newly appointed Microsoft South Africa CEO Vukani Mngxati Microsoft has appointed Vukani Mngxati as the new CEO of Microsoft South Africa, effective immediately. Mngxati takes over from Lillian Barnard, who was recently named as chief of enterprise partners for Microsoft Middle East and Africa. In his new role, Mngxati will lead the company’s South African…
Vukani Mngxati, CEO of Microsoft South Africa. Microsoft has appointed Vukani Mngxati as chief executive officer of Microsoft South Africa, effective today. In a statement, the company says Mngxati’s appointment builds on Microsoft’s more than three decades of partnership and investment in South Africa. It says this reflects its continued commitment to enable public and…
Spotify has announced that founder and chief executive officer Daniel Ek will step down from his role and transition to executive chairman from 1 January 2026. The company confirmed in a press release on 30 September that Gustav Söderström, co-president and chief product and technology officer, and Alex Norström, co-president and chief business officer, will…
TORONTO, Canada — Deep expertise in agrifood systems and technology; exemplifies the values of the Foundation. Committed to scaling impact of the Foundation’s programs in Africa and within Indigenous communities in Canada, prioritizing local solutions and partners. Assumes leadership in early 2026. The Board of Directors of the Mastercard Foundation today announced that Sewit Ahderom…
Daniel Ek on stage in 2024. Laure Andrillon/Reuters Spotify founder-CEO Daniel Ek will step down to become executive chairman in January, the Swedish streaming company said on Tuesday as it named long-time executives Gustav Soderstrom and Alex Norstrom as co-CEOs. The leadership change comes as Spotify expands into podcasts and audiobooks amid questions over how…
