Rebosis founder and CEO Sisa Ngebulana is set to step down at the end of November in the wake of the group inking a R6.3bn deal aimed at tackling a debt burden that dwarfs its current market value.
Ngebulana had been roped in by the group’s board in April 2018 as it battled with the fallout of its investment into a Brexit-hit UK, while there had also been apparent differences over strategy, with the Rebosis founder in favour of a retail-focused fund...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mark Sardi steps down as Ascendis Health CEOHe is credited with reducing the healthcare firm’s debt by R7.5bn by swapping debt for assets and increasing total normalised earnings
Source: BDliveSA - 🏆 12. / 63 Read more »
Police rescue 11 kidnapped Ethiopians from Johannesburg storage facilityWestern Cape detectives and their Gauteng counterparts rescued 11 men from a storage facility in Meadowlands during a raid early on Friday.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Fake Telkom directory listing scam’s debt collectors fined for illegal conductThe director and four employers of a registered debt collecting firm have each been fined an effective R110,000 by the Council for Debt Collectors for a “myriad” of “extremely serious” contraventions.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
LIVESTREAM: Eskom provides update on operational performanceOver R400-billion in debt, repeated nationwide black-outs and failing infrastructure. Last night we slept hungry again and my daughter was crying because of hunger. Please assist us with a 2kg mealie meal and tinned fish 🙏🏻. Just so my little girl can eat😔💔. I've been struggling to get a job and in my struggle, my child is suffering💔 Eskom CEO must resign not because there colour of the skin but the load'shedding become our darly bread my cheap fridge change the sound bcs of load'shedding
Source: eNCA - 🏆 49. / 51 Read more »
Implats: Community unhappy over ‘nonadherence to equity procurement’Despite Implats having budgeted billions of rands for local community development residents of Luka wake up daily to face a sad reality.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
What to do if you cannot afford your car payments | CitypressPersonal finance | As lockdown drags on and job cuts continue, ever more people are facing financial difficulty when it comes to paying off debt. Here's what to do if you cannot afford your car payments I started with €3,000 7days I was credited on my wallet with €9,500 excluding my €1,000 that’s over 8x of my startup capital. Imagine how much you will make with a higher startup capital. Thank you tyron_robert7 I'm happy to join those who are sharing the good news about shantelll_142 . I'm not persuading anyone to trade with her but i advise every investor to make the right choice with shantelll_142 i got my withdrawal safely without any interruption. 🚶♀️🚶♂️
Source: City_Press - 🏆 7. / 72 Read more »