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CEO Ralph Mupita’s Board Backs Him Up, Despite Whispers of Favoritism

MTN Group’s board has given CEO Ralph Mupita a clean bill of health, despite allegations of favoritism and impropriety swirling around him. In a statement to shareholders, the board claimed that an investigation into Mupita’s conduct found no evidence of wrongdoing, and that the matter is now "closed".

But the controversy refuses to die down. A report by the Sunday Times last week claimed that an unspecified number of executives had threatened to resign over Mupita’s alleged favoritism towards a female executive. And Bloomberg News reported that nine executives had signed a memo backing Mupita, citing unnamed sources.

The board’s statement did little to quell the rumors, with many questioning the thoroughness of the investigation and the motivations behind the board’s decision to back Mupita. "It’s clear that the board is trying to sweep this under the rug," said one industry insider. "The real question is, what’s going on behind closed doors?"

The controversy has sparked a heated debate about the culture of favoritism and nepotism at MTN, with many calling for greater transparency and accountability. As the drama continues to unfold, one thing is clear: the fate of Mupita’s tenure as CEO hangs in the balance.

Stay tuned for more updates on this developing story!

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ICASA Chairperson Mothibi Ramusi: The Regulator’s Dilemma

As the world speeds into the digital age, South Africa’s telecommunications regulator, ICASA, is stuck in neutral. Despite the rapid evolution of technology, the authority remains rooted in outdated policies and frameworks. And at the heart of the issue is Starlink, Elon Musk’s satellite internet constellation, which has yet to receive a formal application to operate in the country.

In an exclusive interview with ITWeb TV, ICASA Chairperson Mothibi Ramusi revealed that the authority has yet to receive an application from Starlink, despite the company’s plans to launch its services in South Africa. "Personally, since I’ve joined, I haven’t seen a document in the chairman’s office that says here is an application [from Starlink]," he said.

But why is ICASA so slow to react? The answer lies in the authority’s outdated licensing regime, which is as rigid as a fossilized dinosaur. "Our licensing process is fairly clear, but one will just have to conform to the requirements," Ramusi said, hinting that Starlink may need to jump through hoops to get its application approved.

And then there’s the issue of low-earth orbit (LEO) satellites, which Ramusi described as "not a new phenomenon." But despite the growing popularity of LEOs, ICASA is still stuck in the Stone Age, unable to adapt to the changing landscape. "You need to co-ordinate, especially when you talk spectrum," he said, revealing the authority’s lack of understanding of the technology.

But ICASA is not just a relic of the past; it’s also a major obstacle to progress. The authority’s inability to adapt to changing technologies is stifling innovation and holding back the country’s digital development. "The concept of LEO satellites is something that we will embrace as an authority for now," Ramusi said, but it’s too little, too late.

As the world moves at lightning speed, ICASA is stuck in the slow lane. It’s time for the authority to shake off its outdated policies and frameworks and join the 21st century. Until then, South Africa’s digital development will remain stuck in neutral.

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LESAKA Technologies Shakes Up the Executive Suite, But Will it be Enough to Save the Company?

Get ready for a major housecleaning at Lesaka Technologies, the JSE- and Nasdaq-listed fintech group. The company has announced a slew of executive and board-level changes, but can they actually make a difference?

First, out goes CFO Naaem Kola, who’s been making waves since joining the company in March 2022. But don’t worry, he’s not exactly being “let go”… he’s just being shuffled off to become the chief operating officer instead. How’s that for a “promotion”?

But the real pièce de résistance is the arrival of Dan Smith, the new CFO, who will also join the board of directors. This guy has experience in “various roles within the financial services sectors in South Africa and the UK”. Wow, that’s like saying he’s got a “passion for mediocrity”.

And if that’s not enough, three non-executive directors are bailing out – Javed Hamid, Chris Meyer, and Monde Nkosi – leaving us to wonder if they were all just plain tired of being part of a sinking ship.

The real question is, what’s the real reason behind these changes? Is it just a desperate attempt to boost morale, or are they actually trying to fix the company’s structural problems?

We’re not holding our breath. After all, Lesaka’s got a history of making big announcements that amount to nothing.

But hey, at least they’re trying, right?

Industrial Agents: The Secret to Unlocking AI’s True Potential

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Are you tired of hearing about AI’s promises but not seeing the results? The truth is, AI is not a magic bullet, but a powerful tool that requires a deep understanding of industrial agents to unlock its true potential.

That’s why Cognite, the globally recognized authority in AI for industry, has launched the Cognite Atlas AI Definitive Guide to Industrial Agents, a comprehensive manual for companies looking to accelerate the development and scale of AI solutions and reduce time to value.

This guide is not just another theoretical treatise on AI; it’s a practical, real-world guide that provides actionable advice and tools for digital leaders to implement AI agents that can improve decision-making processes and help their organizations achieve higher productivity, safety, and overall operational efficiency.

The guide explores the latest advancements in AI and industrial agents, and provides real-world examples of how companies like Aker BP are using industrial agents to streamline their equipment management process, saving thousands of hours of data-punching and refocusing their experts on business problems that really matter.

But don’t just take our word for it. According to a recent ARC Advisory Group Digital Transformation, Sustainability, and Technology survey, AI is the most impactful technology we’ll see over the next five years. And with the Cognite Atlas AI Definitive Guide to Industrial Agents, you’ll have the tools and knowledge you need to make AI work for your organization.

So, what are you waiting for? Download the full digital version of the guide today and start unlocking the true potential of AI for your industry.

SHOCKING ALLEGATIONS ROCK MTN: CEO Ralph Mupita Embroiled in Favouritism Scandal

A bombshell report has emerged, claiming that MTN Group CEO Ralph Mupita has been accused of showing preferential treatment to a female executive, sparking a revolt among top executives who are threatening to quit.

According to sources, an unspecified number of executives have come forward, alleging that Mupita has been playing favourites, and are demanding action to address the issue. The Sunday Times newspaper reported that the executives are "furious" and "humiliated" by Mupita’s alleged behaviour.

MTN’s board has launched an investigation into the allegations, but insiders claim that the company’s governance processes are woefully inadequate, allowing Mupita to operate with impunity.

The Public Investment Corp, MTN’s largest shareholder, has expressed concern over the allegations, warning that corporate governance failures could have serious consequences for the company’s operations and shareholder value.

Mupita has sent a letter to staff, assuring them that the company has processes in place to address employee matters, but insiders claim that the CEO’s response has only added to the tension.

As the scandal continues to unfold, questions are being raised about Mupita’s leadership and whether he is fit to run one of Africa’s largest companies.

STAY TUNED FOR UPDATES ON THIS DEVELOPING STORY

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“Decoding the Future: 10 Years of Empowering Young Women in Tech”

It’s time to take notice of the coding queens of Africa! For 10 years, GirlCode has been revolutionizing the tech industry by empowering young women to take charge and own their coding skills. Their annual hackathon has become the go-to event for showcasing the best of Africa’s coding talent.

But what makes this year’s event truly historic is its expansion beyond South Africa’s borders. For the first time, GirlCode’s pan-African hackathon has brought together over 10 cities across the continent, creating a vibrant tapestry of innovation and inclusivity.

The theme was simple yet powerful: “Harnessing the Power of Technology to Address Pressing Global Challenges.” The UN’s Sustainable Development Goals (SDGs) provided the blueprint for the participants’ submissions. And the results? Absolutely mind-blowing!

From PrincessCare’s solution to improve menstrual health access to Binary Brains 1’s app to encourage farmers to donate surplus produce, the hackathon saw some of the most creative and impactful solutions emerge. And then there were the winners. Ah, the winners!

For their outstanding submissions, the winners will receive a once-in-a-lifetime opportunity: a trip to America! But what does it take to be a GirlCode winner? Zandile Mkwanazi, the founder and CEO of GirlCode, spills the secrets: “It’s all about showcasing their skills, pushing boundaries, and taking risks. We’re looking for game-changers, not just coders.”

The stakes are high, and the rewards are sweet. But what drives GirlCode’s mission? “Empowering women to take their rightful place in Africa’s digital economy is our mantra,” Mkwanazi asserts. “We want to create a world where every woman has access to opportunities and can thrive in tech.”

And thrive they will. GirlCode’s success has sparked a fire within Vuma, a major supporter of the initiative. Bongekile Tlhakanye, the head of department for service management, echoes Mkwanazi’s sentiments: “Empowering young girls means empowering communities. When we create opportunities for women, we create a better world.”

The future is now. The future is bright. And the future belongs to the coding queens of Africa.