News

Old Mutual appoints new CEO

“We are delighted at Iain’s appointment. Over the last year, Iain has worked to steer Old Mutual through some significant leadership and operational challenges, demonstrating resilience and an acute sense of business acumen aligned to the Group’s values, purpose, and strategy. On behalf of the Board, we wish to thank him for his contribution during this time. We are confident that he will continue to galvanise the organisation around the delivery of its strategy and purpose and we look forward to working with him in this regard,” says Old Mutual Chairperson, Trevor Manuel.

South Africa’s boozy church struggles with COVID lockdown rules

“They can arrest us until Jesus comes back,” said Makiti, wearing a bishop’s mitre with a miniature bottle of spirits hanging off it.

UK PM Johnson says statue of colonialist Rhodes should not fall

It would, he said, be like “trying to bowdlerise or edit our history ... like some politician sneakily trying to change his Wikipedia entry,” the Standard reported.

BREAKING NEWS: Explosion at Astron Energy’s South African refinery kills at least two: source

“There are two people dead that I know of and many injured,” said the person, who was not authorized to speak to the media.

Elon Musk’s Tesla becomes most valuable automaker in latest stock rally

After several years of losses, Tesla has delivered three straight profitable quarters since the third quarter of 2019 and surprised investors with solid first-quarter deliveries despite the virus outbreak.

Zimbabwe suspends stock exchange, mobile payments over ‘economic sabotage’

HARARE (Reuters) - Zimbabwe on Friday suspended trade on the stock exchange and mobile phone-based payments to address what President Emmerson Mnangagwa’s...

Edcon creditors’ bid to halt restructuring meeting rejected by court – Reuters

The planned Monday afternoon meeting to consider the plan is going ahead according to schedule, the administrators said in a notice to affected parties. The meeting is still in session.

Op Ed: East African finance ministers to present budgets for new fiscal year

Finance ministers of East Africa are expected to table their respective budgets in coming days for the new financial year that begins on July 1.

Facebook holds on as TikTok invades Social Media in SA

South Africa’s largest annual study of social media trends has revealed that Facebook remains the social platform of choice for marketing – but TikTok is rising fast among both brands and consumers.

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