VENTURES AFRICA – Mixed reactions trail the proposed minimum wage for players in the Nigeria Professional Football League (NPFL) by the country’s sports ministry as the sports minister, Bolaji Abdulahi, proposed a minimum wage of 150,000 naira ($1000) to be paid to players in the country’s domestic league. While some have welcomed the proposal as a [...]

VENTURES AFRICA – South Africa billionaire and Chairman of Richemont, Johann Rupert, will be going on a year long sabbatical after the group’s annual general meeting in September. Rupert who has already reduced some of his day-to-day duty as the group’s Chief executive said he is taking a year leave to read books and possibly [...]

VENTURES AFRICA – South Africa’s telecommunication giants, Vodacom, MTN and Dimension are preparing for a hostile takeover of Neotel, the country’s fixed line operator, it emerged on Friday. It was speculated on Friday that these JSE-listed companies were at an advanced stage to take over the company. A well-placed source told Ventures Africa: “Things look [...]

VENTURES AFRICA – Sanlam, South Africa’s second biggest life insurer, on Friday said it was poised to acquire 49 percent stake in Malaysian short term insurer Pacific & Orient Insurance (POI) for R814 million ($86.5 million) “All conditions precedent have been met to conclude the acquisition… and the effective date of the transaction is 17 [...]