Internet Solutions now owns 100% of AlwaysOn

From Internet Solutions: Johannesburg, South Africa, 22 May 2014 – Internet Solutions (IS), a pan-African communications services provider today announced that it has increased its shareholding in WiFi provider AlwaysOn to 100%, for an undisclosed sum.  Internet Solutions acquired its original interest (51%) in the company in 2009.  AlwaysOn provides secure WiFi internet access to over … Read more

Nigerians strike over kidnapped girls, killings of colleagues

MAIDUGURI Nigeria (Reuters) – Nigerian teachers went on strike and staged rallies nationwide on Thursday in protest against the kidnapping of more than 200 schoolgirls by the Islamist Boko Haram sect and the killing of nearly as many teachers during its insurgency. Boko Haram gunmen stormed a school outside the remote northeastern town of Chibok … Read more

Implats CEO says SA Platinum strike could last much longer

By Silvia Antonioli LONDON (Reuters) – Feedback from day one of court-mediated talks with the world’s largest platinum producers and South Africa’s main mining union was lukewarm, the chief executive of Impala Platinum said, adding the four-month strike could last much longer. South African platinum miners Anglo American Platinum (Amplats), Impala Platinum (Implats) and Lonmin have … Read more

Lions appoint former Boks coach as new CEO

Former Springbok coach Rudolf Staeuli has been appointed as the new CEO of the Golden Lions Rugby Union, the Lions said in a statement on Thursday. GLRU president Kevin de Klerk said Straeuli would take over from Manie Booysen on June 1. Booysen, who joined the GLRU on contract in January 2013, had the responsibility … Read more

Hodgson may need to drop Rooney, says Scholes

LONDON (Reuters) – Wayne Rooney might not be an automatic choice in Roy Hodgson’s England starting line-up at the World Cup, according to former club and country team mate Paul Scholes. Attention inevitably focuses on Rooney every time England appear at a major tournament and next month in Brazil will be no different as the … Read more

Investec MD Kantor on results, bloody noses and being stripped for success

Investec has its critics. I’m not among them. As you’d expect of one who has watched brothers Ian and Bernard Kantor and three close friends from the East Rand – Stephen Koseff, Errol Grolman and Larry Nestadt – build a major global business from scratch.  So results interviews with one of the two co-founders still … Read more

Tito Mboweni: Why I’m not returning to Government

During a discussion with Old Mutual economist Johan Els on CNBC Africa’s Power Lunch today, I mused whether, after repeatedly raising concerns while in office,  former Reserve Bank Governor Tito Mboweni – should he become Finance Minister as had been widely speculated – would take a tougher line on labour issues. Els said he didn’t … Read more

Malawi minister commits suicide after elections

A Malawian deputy minister on Thursday committed suicide, apparently over losing his parliamentary seat in this week’s general election, Zodiak broadcasting station and other media reported. Outgoing deputy Local Government Minister Godfrey Kamanya shot himself in his home. Official results of Tuesday’s election are still to be announced. But preliminary election results aired on radio … Read more

Ghana to suspend issuing new gold-prospecting permits

ACCRA (Reuters) – Ghana is to suspend issuing new gold-prospecting permits to allow time for an audit of existing licences, the chief executive of the minerals commission told Reuters on Thursday. The West African state produced 4.29 million ounces (122 tonnes) of gold in 2013, down 0.7 pct from 4.32 million ounces produced in 2012, … Read more

Investec Property Fund produces strong returns

Investec Property Fund reported strong results today, the property fund is a South African Real Estate Investment Trust having listed on the JSE on 14 April 2011 and obtaining REIT status on 1 April  2013. It currently comprises a portfolio of 69 properties in South Africa with a total Gross Lettable Area of 693 256m² valued at … Read more