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Turbulence as SAA board chair Magwaza tenders his resignation

Embattled national carrier South African Airways (SAA) was yesterday thrown into further turmoil with the resignation of board chairperson Johannes Magwaza. His resignation came hardly two months after the cash-strapped airline's erstwhile...

SAA CEO cites lack of support from government as reason for resignation

Newly reappointed Public Enterprises Minister Pravin Gordhan received a further blow on Sunday with the shock resignation of South African Airways (SAA) chief executive Vuyani Jarana, who lashed out at the...

Steinhoff shares fall 61% on opening after CEO resigns amid ‘irregularities’

Shares in Steinhoff International Holdings NV fell as much 61% at opening on the JSE on Wednesday following the resignation of the company’s CEO amid accounting irregularities. Shares in the...

Aveng CEO resigns with immediate effect

Kobus Verster, the chief executive officer, of South African construction firm Aveng will resign with immediate effect after the company reported a wider full-year loss the firm announced on Tuesday. “Eric...

Standard Bank CEO Ben Kruger to step down

Following a carefully planned management succession process Standard Bank Group announces changes to its current joint-group chief executive structure. The board is satisfied that the structure, which was necessary in 2013,...

First Tito Mboweni quits cement producer PPC’s board then CEO

PPC’s CEO Darryll Castle has resigned less than a week after Tito Mboweni stepped down from the board. According to Business Day, Mboweni allegedly quit over irreconcilable differences  about the strategic direction...

Dr. Rob Adam resigns as President of NIASA

The Nuclear Industry Association of South Africa (NIASA) has officially announced the resignation of its long servicing president, Dr. Rob Adam. He steps down after being at the helm of the...

Minister Brown accepts Eskom board member’s resignation

According to SAnews.gov.za Public Enterprises Minister Lynne Brown has received and accepted the resignation of Eskom board member, Mark Pamesky. In a statement on Tuesday, Minister Brown said she had accepted Pamesky’s...

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City proposes modification of weirs at Zeekoevlei and Rondevlei to improve...

THE City of Cape Town proposes the redevelopment and upgrade of the weirs at Zeekoevlei and Rondevlei that are located within the False Bay...

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