New president and group CEO for MTN

MTN Group has announced that its current group chief financial officer Ralph Mupita has been appointed as the new group president and CEO from 1 September 2020. The current group CEO, Rob Shuter, will step down from his executive responsibilities on 31 August 2020 and...

Millions in unclaimed dividends in Vodacom’s BEE scheme

YeboYethu, the Vodacom group’s black economic empowerment (BEE) scheme is sitting with more than R73-million in its bank accounts in unclaimed dividends belonging to over 12 000 shareholders. The administrators of the scheme have been unable to pay over the...

Merchants SA achieves B-BBEE Level 1

South African based business process outsourcing (BPO) solutions provider Merchants has become the first BPO provider in the country of its size to achieve a level one B-BBEE status under the revised Generic Codes of Good Practice, just a year after achieving level 2...

New ISP aims to offer personalised service

SimpliConnect, a new Internet service provider (ISP), offers a full suite of business and consumer connectivity solutions, with an emphasis on convenience, efficiency and simplicity. “Even though having internet access has become a basic necessity, people are...

During pandemic, Lenovo shows strong growth

Lenovo Group has announced Group revenue in the first quarter of $13,3-billion, up almost 7% year-on-year (up 10% year-on-year excluding currency impact). Pre-tax income grew 38% compared to the same quarter a year earlier, to$332-million, while net income also...

Sea Monster secures $1m Vumela funding

Animation and gaming company Sea Monster has secured $1-million (about R16-million) in funding from FirstRand’s Vumela Fund, managed by Edge Growth. Sea Monster is a nine-year-old business which sells digital solutions on a project basis that solve communication...