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.
The Covid-19 pandemic has hit South Africa's small business sector hard and there are grim statistics to bear this out. Those statistics will not be repeated here. After all, if you are a small business owner setting out on the road to recovery, the last thing you probably want is more details of the toll the pandemic has taken on small enterprises. Far more useful would be some good, solid tips on how to build back better after any business setbacks.ByAmeen Hassen
Lagos-based entrepreneur Ogechi Egemonu was selling more than 500,000 Nairas (R16,720,02) worth of watches, shoes and handbags on Twitter per week.
Lagos-based entrepreneur Ogechi Egemonu opens the Twitter app on a smartphone at her office in Lagos, Nigeria 10 June 2021. Reuters/Seun Sanni
Now, with the site suspended by the Nigerian government, Egemonu does not know how she will cope.
"Social media is where I eat," she told Reuters. "I depend on social media for my livelihood."
Scores of small and medium-sized businesses across Africa's most populous nation - and largest economy - are reeling from the indefinite suspension of the social media site.
Nigeria announced the suspension on 4 June, days after the platform removed a post from President Muhammadu Buhari that threatened to punish regional separatists. Most telecommunications sites have since blocked access.
NOI Polls estimates that 39.6 million Nigerians use Twitter - 20% of them for business advertisement and 18% to look for employment. Experts warn its lack of ready availability - it is accessible using Virtual Private Networks that mask location - could ripple across the economy.
"The ban has significant collateral damage," said Muda Yusuf, director-general of the Lagos Chamber of Commerce, who said that a "sizeable number of citizens" use Twitter to make a living.
Parliament's minority caucus warned the suspension was costing Nigerians "billions of naira on a daily basis".
Dumebi Iyeke, a research analyst with the Financial Derivatives Company, said it would hit young Nigerians - among whom there is a 45% unemployment rate - the hardest.
"We are looking at a potential loss in their revenue," Iyeke said, adding that it could further lower living standards amid high inflation.
Information Minister Lai Mohammed last week said that all social media sites must register a local entity and get a license to operate. He cited complaints about lost money as proof that the ban was effective, but said other sites are still available.
Reuters Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day. Go to: https://www.reuters.com/
About the author
Additional reporting by Alexis Akwagyiram and Libby George in Lagos. Writing by Libby George; Editing by Elaine Hardcastle
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