LULA acquires Zeelo’s SA operations

LULA, an enterprise ride sharing platform which was launched eight years ago, has acquired Zeelo’s operations in South Africa. The operations will transition to LULA’s tech-enabled ride-sharing solution, which enables people to be collected from their...

KID Group marks 25th anniversary with leadership changes

Knowledge Integration Dynamics (KID) Group has announced key leadership changes as part of its growth and succession strategy. The group, which marks its 25th anniversary this year, continues to expand its capabilities and footprint to help customers keep pace with...

Accountability deficit hampers good governance

We are not doing enough to hold delinquent directors accountable – and that’s having a knock-on impact on the overall state of governance. By Vikeshni Vandayar, executive: governance and corporate services at the Institute of Directors of South Africa...

SA travel fintech scores $300k funding from US investors

South African travel-focused fintech TurnStay.com has secured $300 000 (over R5,4-million) funding from Silicon Valley and New York-based investors: DFS Lab and DCG. The company plans to use the funding to expand the business into Africa and build on the significant...

LG extends AI offerings with Athom acquisition

LG Electronics (LG) has acquired an 80% stake in Athom, a smart home platform company based in the Netherlands. The agreement includes plans to acquire the remaining 20% within the next three years. This strategic move aims to enhance LG’s connectivity within...

The case for appointing an alternate director

The recent SENS announcement by a JSE-listed company that it had appointed an alternate director raises an important issue: while the Companies Act allows for the appointment of alternate directors, is it good governance? Professor Parmi Natesan, CEO of the Institute...