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…
South Africa’s payments ecosystem is evolving at a rapid pace. PayInc – previously BankservAfrica – sits at the core of the country’s payments infrastructure. As the builder and manager of the PayShap instant payment rails, PayInc is central to the Reserve Bank’s plans to drive digital inclusion through payment modernisation. In this episode of the…
From delivering beds by horse and cart in 1939 to running one of southern Africa’s largest bedding factories today, the story of Sleep Group is one of resilience, adaptation, and entrepreneurial vision passed through generations. What began as a modest family business has grown into a company that employs nearly 2 000 people, supplies raw…
FNB CEO Harry Kellan. First National Bank’s (FNB’s) digitally-active customer base grew to 7.78 million, from 7.35 million in 2024. This is based on the bank’s financial results for the year ended 30 June, with its customers increasingly adopting digital payment methods over the years. FNB’s digital channels include mobile banking (USSD), online banking and…
Live Nation CEO Michael Rapino and Smith Entertainment Group CEO Ryan Smith said this week that live events are more central than ever to culture and commerce in a post-pandemic world. Speaking at CNBC Sport and Boardroom’s Game Plan conference on Tuesday, the executives said that the high demand for in-person events has been unmistakable….
Founder and CEO of Yoco, Katlego Maphai, will step down from his executive role but will remain actively involved in initiatives supporting small business development. Yoco’s founders | Image source: Yoco Co-founders Lungisa Matshoba and Bradley Wattrus have been appointed as co-CEOs. Matshoba will focus on product innovation and growth, while Wattrus will oversee governance…
Yoco co-founder and outgoing CEO Katlego Maphai Katlego Maphai, co-founder and long-serving CEO of South African fintech company Yoco, has announced he will step down from the role after more than 10 years at the helm. Maphai revealed the decision in a LinkedIn post on Wednesday, saying the move comes after a period of reflection….
