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Mastercard Foundation Board of Directors Announces Seasoned Technology Leader, Sewit Ahderom, as Next President and CEO

eriinfo.com7 months ago09 mins

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…

Spotify founder and CEO to step down

eriinfo.com7 months ago05 mins

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…

PayInc CEO Stephen Linnell on South Africa’s payments revolution

eriinfo.com7 months ago02 mins

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 Horse-and-Cart to Industry Leader – Q&A with Michael Borcherds, CEO of Sleep Group

eriinfo.com7 months ago08 mins

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 lauds digital customer growth

eriinfo.com7 months ago05 mins

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 touts demand, says concert tickets are underpriced

eriinfo.com7 months ago06 mins

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….

Yoco founder and CEO Katlego Maphai steps down

eriinfo.com7 months ago02 mins

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 CEO Katlego Maphai to step down after 10 years

eriinfo.com8 months ago05 mins

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….

Discovery Bank CEO Hylton Kallner on the future of banking in South Africa

eriinfo.com8 months ago021 mins

Discovery Bank CEO Hylton Kallner Discovery Bank is cementing its place as a serious digital challenger in the South African market. In its full-year results released published last week, for the period ending 30 June 2025, the bank reported positive customer growth numbers, even breaking even for the first time. In this in-depth interview, Discovery…

Worst of electricity price hikes is over: Eskom CEO

eriinfo.com8 months ago06 mins

Eskom CEO Dan Marokane Eskom CEO Dan Marokane has again pledged that the state-owned power utility will hold future electricity tariff hikes to single-digit increases, a major shift in tone from earlier double-digit increases that have rattled consumers and businesses, pressured economic growth, and fuelled inflation. Speaking in an interview with Newzroom Afrika, Marokane said…