SA Money Daily | Zolani Matthews agrees to part ways with Prasa, ending 3-year CEO impasse

Carol Paton | Floyd Shivambu and why SA capitalism is running out of time

View Online SA Money Daily The biggest business, economic and market news of the day. AHMED AREFF, BUSINESS DEPUTY EDITOR Zolani Matthews agrees to part ways with Prasa, ending 3-year CEO impasse After three attempts to fire him as CEO, Zolani Matthews has finally agreed to part ways with the Passenger Railway Agency of South Africa (Prasa).   The agreement ends a three-year impasse between the embattled railway operator and one of its two chief executive officers, permitting the utility to proceed with the restoration of its services.   Prasa spokesperson Andiswa Makanda told News24 the agreement was reached on Friday when Matthews wrote to the Prasa board.   "On Friday, 16 August 2024, Matthews informed Prasa via email of his acceptance of the letter of termination of his contract," said Makanda.   Matthews confirmed the same to News24, saying: Read More Sponsored | UFS provides boundless career development opportunities for women Improving the equity profile of the professoriate, increasing the intellectual diversity of staff, and aspiring for gender parity in all its leadership positions form an integral part of what the University of the Free State (UFS) stands for. Carol Paton | Floyd Shivambu and why SA capitalism is running out of time The defection of Floyd Shivambu to the MK Party has raised the stakes in favour of Africanist populism, writes Carol Paton. End of SA rail woes in sight after discovery that Chinese trains use generic parts - Thungela The worst of the railing crisis is over, as interventions take hold - including the unlocking of some critical spare parts. Absa snake pit strikes again, but market cheers departure of embattled CEO Absa has now had four CEOs in five years, as Arrie Rautenbach has been ousted amid reports of internal strife and strategic missteps. MTN upbeat despite hefty loss as threats from the dollar and load shedding recede Africa's largest mobile operator MTN said on Monday that it is still pleased with the underlying state of its business, despite plunging into an almost R10 billion loss in half-year to end-June. SA's energy drink boom means big can business for Hulamin The aluminum maker expects to see strong growth in local sales as it responds to strong demand. Coronation to pay special dividend after tax triumph In June, the Constitutional Court ruled in the company's favour in the R794 million tax dispute. DOWNLOAD THE NEWS24 APP CONNECT WITH US

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