WTF? Leslie Maasdorp leaves Advtech after just four months

Alec was among those who were surprised when Advtech announced last August that its chairman, investment banker Leslie Maasdorp, would succeed long-time CEO Frank Thompson. He took over from 24 October. Just four months later, he’s gone.

Ex-CEO of failed Ellerines heading Zimbabwe’s Innscor

A former chief executive at failed South African furniture retailer Ellerines is now heading Zimbabwe’s largest fast food and retail group, Innscor Africa, but is having to shuttle between the two countries because he has no work permit.

Ferrari logo

Fancy owning a piece of Ferrari?

Well it’s your lucky day, because the Fiat Chrysler group announced its spinning off 10% of Italy’s crown jewel in a capital raising endeavour.

HCI names acting head of unit after Golding’s departure

Hosken Consolidated Investments has appointed Chief Financial Officer Kevin Govender as the acting chief executive of its Sabido unit, HCI’s CEO said on Thursday, following the high-profile exit of another executive.

Abil collecting $230m of debt a month

Failed South African lender African Bank Investments is collecting around $230 million of debt a month and has applied for a new banking licence as a step towards re-listing, its government-appointed supervisor said on Wednesday.

Messy struggle for Zambian presidency under way

he battle for Zambia’s top job was already under way before long-ailing President Michael Sata died Tuesday, but it looks set to become more messy and more intense in his wake