A little more than 100 years ago, Naspers Ltd. was created by white South Africans to produce a Dutch-language newspaper. Now the continent’s biggest company, Naspers just named its first woman, and first black person, as chief executive officer.
Phuthi Mahanyele-Dabengwa’s appointment to head the South African unit doesn’t just buck the trend of white, male directors at Naspers. Only one black woman now runs a Top 40-listed company on the Johannesburg Stock Exchange and only seven men of color do. The new Naspers unit won’t be traded, at least right away, and includes e-commerce, food delivery, newspapers and online media.
“Phuthi is qualified, and brings in some good experience, plus she brings some gender and racial equality into the mix,” said Ron Klipin, a senior analyst at Cratos Capital. “You need a person who can also take your South African portfolio forward and grow it, change the landscape even further.”
Trade between African and GCC countries stands at $ 121 billion in 2023, double of what it was in 2016.…
Family members struggling after one week after of Cyclone Chido ripped through the French island territory of Mayotte expressed helplessness…
The United Arab Emirates has launched its orphanage project in Ethiopia's Oromia region on the orders of President Sheikh Mohamed…
In just four months, 100 women have been killed, the majority by males they knew including spouses. Prime Cabinet Secretary…
The Ghanaian entertainment industry is in deep mourning following the sudden death of Bright Owusu, better known as C Confion.…
Since the beginning of December more than five hundred people have lost their lives on the nation's highways. Barbara Creecy,…
This website uses cookies.