Africa adopts global executive remuneration trends

Image source: alphaspirit – 123RF.com The research outlined some striking developments in executive remuneration at listed companies across six key jurisdictions – Kenya, Mauritius, Nigeria, South Africa, Tanzania and Zambia. Among the notable developments are the increasing adoption of executive share plans (ESPs) and employee stock ownership plans (ESOPs), along with the use of innovative…

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CFAO acquires Opella Healthcare South Africa

Source: Supplied. It marks CFAO’s first healthcare investment in the country, which is the second-largest market on the continent. The new entity will operate as CFAO Healthcare in South Africa. CFAO Healthcare, a division of CFAO Group, continues its mission of enhancing healthcare globally by manufacturing, distributing, and providing pharmaceutical and medical products and related…

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Lesufi denies DA claim of receiving leaked Public Protector report

Gauteng Premier Panyaza Lesufi Gauteng Premier Panyaza Lesufi has denied the Democratic Alliance’s allegation that he received a leaked Public Protector report. Lesufi disbanded the Crime Prevention Wardens, known as Amapanyaza, and said they would be re-purposed as part of the province’s Traffic Police and Special Law Enforcement. He made the announcement just hours before…

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PGA Tour rejects $1.5B offer from Saudi investment fund

A gold ball and club 2 minutes It doesn’t look like the PGA Tour and Saudi Arabia’s Public Investment Fund (PIF) will be settling their differences any time soon. ESPN sources confirmed that the PGA Tour has rejected the PIF’s recent offer to invest $1.5 billion into PGA Tour Enterprises. The investment offer came with…

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Former Joburg Mayor Gwamanda back in the dock on fraud charges

Former Mayor of Johannesburg Kabelo Gwamanda, 11 September 2024. 1 minute Former City of Johannesburg executive Mayor, Kabelo Gwamanda, is set to appear in the Protea Magistrate’s Court this morning. He is facing fraud charges. These relate to allegedly scamming Soweto residents through a fraudulent funeral policy scheme. It is alleged that the scheme, which…

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