Telkom has announced that its CEO and executive director Sipho Maseko will step down on 30 June 2022. The telecoms company said the process to appoint a successor is well underway and a designated group CEO will be announced in the not too distant future.
It is possible that cooking oil prevented more looting in South Africa in the last week than the president, the ANC, the intelligence community, the army and the police combined. This, without question, says something about the versatility of the product. It says even more about the state of the state. When you are shown up by canola, you might want to revisit your strategy.ByHoward Feldman
Performance Media across Search, Social and Programmatic platforms is the single fastest growing area of digital media in South Africa. Combine that with the detailed analysis of campaign management, tagging and ad operations, and it becomes apparent that these highly specialist functions require a highly specialised unit.
The Transnet Port Terminals website has been hacked, implying that all companies under Transnet have been affected. All Transnet websites were down at the time when reporting was done for this SA Trucker article. The publication cited sources who requested to remain anonymous because they are not allowed to speak to the media.
Pan-African e-commerce platform, Jumia, has become the first African startup to list on the New York Stock Exchange. The company raised $196-million in its initial public offering (IPO) at the world's largest stock exchange on Friday.
Image credit: Jumia
In a statement, the e-commerce firm said the listing "is the result of a team success", and all of its employees across Africa rang the bell at the same time as the Wall Street ceremony in New York was taking place.
Dubbed 'Africa's Amazon', Jumia started in 2012, with "a mission to improve the quality of everyday life in Africa, by leveraging technology to deliver innovative, convenient and affordable online services to consumers", the company said.
The IPO creates another milestone for Jumia. The company in 2016 became the first African startup unicorn, achieving a $1 billion valuation after a funding round that included Goldman Sachs, AXA and MTN.
Jumia is currently active in 14 African countries with more than 81,000 active sellers transacting online with millions of consumers. The e-commerce platform directly employs more than 5,000 team members in Africa.
Jumia Technologies AG (“Jumia”) (NYSE:JMIA) listed on the New York Stock Exchange; becomes the first African Tech Company to list on the largest global exchange. #JMIA@NYSEpic.twitter.com/Bif6hRU7pz
“This achievement has been made possible thanks to the hard work of our teams, the trust of our consumers, as well as the commitment of our sellers and partners. All stakeholders deserve credit for this milestone, and we are just at the beginning of a long and great journey. We are going to continue to focus on our mission and to work even harder to help consumers, sellers, partners and all stakeholders benefit from this technological revolution,” said Sacha Poignonnec and Jeremy Hodara, Jumia co-founders and co-chief executives.
Pernod Ricard, the owner of Beefeater gin, Absolut vodka and Jameson whiskey, is strengthening its partnership with African e-commerce player Jumia by buying an unspecified stake...
19 Dec 2018
“It’s an opportunity for retail investors to buy the Africa growth story, the story of a growing consumer class,” said Steven Grin, managing partner of Lateral Capital, a New York-based investment company focused on Africa, according to a Bloomberg report.
“Rising per-capita incomes, an increasingly young and urban population, falling internet and data costs, surging mobile-phone penetration – these favorable long-term trends underpin the rise of the African online consumer.”
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This is what other business owners should be looking up to and aiming to achieve one fine day. Every business has its ups and downs and it is only a matter of time and effort being put through before the eventual goal can be achieved eventually. The whole process cannot obviously be done overnight and it requires proper strategy to make sure things work out as planned.