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Posts Tagged ‘president’
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May 22, 2018

Mcebisi Jonas joins the MTN board

The MTN Group has announced that Mcebisi Jonas and Bajabulile Tshabalala will join the company’s board as Independent Non-Executive Directors from June 1st, 2018.

Tshabalala is currently Executive Director of the consulting and investment holding firm, Barbican Advisory Group while Jonas was the former Deputy Finance Minister who served under both Nhlanhla Nene and Pravin Gordhan.

The Chairman of the MTN Group Phuthuma Nhleko said “I wish to extend a warm welcome to Swazi and Mcebisi. We are all excited to have them onboard. As we continue to steer our business into a new trajectory of execution excellence”.

Nhleko added that he believes that [...]

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April 13, 2018

US HINTS AT SHIFT ON RUSSIA WITH SANCTIONS AND CONDEMNATION

The US Treasury slapped sanctions on 19 Russian citizens and five entities for election meddling and cyber-attacks.

By imposing new sanctions on Russia and condemning a suspected Russian chemical attack in Britain, Washington has hinted at a tougher stance toward Moscow despite President Donald Trump’s stated desire for better ties.

The US Treasury slapped sanctions on 19 Russian citizens and five entities for election meddling and cyber-attacks in the most significant steps the United States has taken against Russia since Trump took office amid US intelligence agency allegations that Moscow tried to help him win the 2016 election.

While the Treasury put off [...]

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April 12, 2018

Scandal threatens to unseat Africa’s only female head of state

The Mauritian parliament will discuss the future of President Ameenah Gurib-Fakim who faces being unseated over of a financial scandal. Picture: Zoltan Mathe/MTI via AP, File

The Mauritian parliament will on Friday discuss the future of President Ameenah Gurib-Fakim, Africa’s only female head of state, who faces being unseated in the wake of a financial scandal.

Gurib-Fakim, a former chemistry professor and science faculty dean at the University of Mauritius, faces allegations of purchasing clothing and jewellery with a credit card provided by non-governmental group Planet Earth whose Angolan founder has sought to do business in Mauritius and is under [...]

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March 16, 2018

SA to raise GDP growth forecasts in October – Nene

National Treasury will probably raise projections for economic growth this year in its October mid-term budget as the country overcomes governance and financial problems that have lowered confidence, said Finance Minister Nhlanhla Nene.

Newly appointed President Cyril Ramaphosa reappointed Nene to the role last month. When former leader Jacob Zuma fired him and replaced him with a Des van Rooyen in 2015, the move triggered a sell-off in the rand and bonds.

Policy uncertainty and state graft concerns saw Fitch Ratings and S&P Global Ratings lower their assessments of the nation’s debt to junk. The economy slumped into a recession in 2017 and has mounted a fragile [...]

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