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Arena Holdings mourns celebrated and seasoned Sowetan executive editor Pearl Sebolao
Arena Holdings mourns celebrated and seasoned Sowetan executive editor Pearl Sebolao

The Herald

time5 days ago

  • Business
  • The Herald

Arena Holdings mourns celebrated and seasoned Sowetan executive editor Pearl Sebolao

Sowetan executive editor Pearl Sebolao has died, Arena Holdings MD Nwabisa Makunga confirmed on Saturday. 'It is with sadness that we share the news of the passing of our colleague, Sowetan executive editor Pearl Sebolao,' she said. The seasoned and much-loved Sebolao previously served as Business Day digital editor where she helped shape content and provide guidance in the newsroom. 'Pearl was a quiet force in our newsroom, thoughtful, meticulous and deeply committed to editorial excellence,' Makunga lamented. Her career in journalism spanned many years. Though Sebolao worked away from the limelight, her influence was impactful in the newsroom, said Makunga. 'The stories she helped shape and the support she offered to many colleagues over the years will be missed. 'She was a mentor and a steady hand and someone who brought integrity to everything she did.' Makunga said Sebolao's death would leave a void in the newsroom. Memorial and funeral details will be released by her family in due course. TimesLIVE

Nigeria's former leader Buhari to be buried on Tuesday, official says
Nigeria's former leader Buhari to be buried on Tuesday, official says

The Herald

time15-07-2025

  • Politics
  • The Herald

Nigeria's former leader Buhari to be buried on Tuesday, official says

He referred to himself as a "converted democrat" and swapped his military uniform for kaftans and prayer caps. Ibrahim Babangida, a former military ruler who toppled Buhari in a coup in 1985, said he knew Buhari as a deeply spiritual and humble man. "We may not have agreed on everything, as brothers often don't, but I never once doubted his sincerity or his patriotism," Babangida. After leaving office in 2023, Buhari spent most of his time in Daura, away from the public eye. His successor Bola Tinubu inherited a country grappling with double digit inflation, foreign exchange shortages, economic hardship, low oil production and insecurity that had spread to most parts of Nigeria. Buhari's supporters, however, viewed him as Nigeria's conscience because he had a reputation for shunning the corruption and ostentatious lifestyles often associated with the country's political elites. To his critics, Buhari was "an absentee landlord, a leader who governed by delegation, who disappeared for long stretches (often to London for medical treatment), and whose aloofness felt like abandonment", the local BusinessDay newspaper said. Reuters

Nigeria's former leader Buhari to be buried on Tuesday, official says
Nigeria's former leader Buhari to be buried on Tuesday, official says

Yahoo

time14-07-2025

  • Politics
  • Yahoo

Nigeria's former leader Buhari to be buried on Tuesday, official says

By MacDonald Dzirutwe LAGOS (Reuters) -Nigeria's late former President Muhammadu Buhari, who died in a London clinic on Sunday aged 82, will be buried in his northern home state of Katsina on Tuesday, the state governor said. Buhari, a former military ruler after a coup in the 1980s, returned to frontline politics to become the first Nigerian president to oust an incumbent through the ballot box in 2015. He was re-elected for a second term four years later. Nigeria's Vice President Kashim Shettima and government officials were in London on Monday to organise the repatriation of the former president's remains. Katsina state governor Dikko Umaru Radda said after consultation with Buhari's family it was agreed the body would arrive in Nigeria on Tuesday for burial the same day in his home town of Daura. Among those who paid tribute to Buhari was Indian Prime Minister Narendra Modi, who posted on X platform that "his wisdom, warmth and unwavering commitment to India–Nigeria friendship stood out." Buhari earned a devoted following for his brand of anti-corruption conviction politics, especially in Nigeria's largely Muslim north. He referred to himself as a "converted democrat" and swapped his military uniform for kaftans and prayer caps. Ibrahim Babangida, another former military ruler who toppled Buhari in a coup in 1985, said he knew Buhari as a deeply spiritual and humble man. "We may not have agreed on everything — as brothers often don't — but I never once doubted his sincerity or his patriotism," Babangida said in a statement. After leaving office in 2023, Buhari spent most of his time in Daura, away from the public eye. His successor Bola Tinubu inherited a country grappling with double digit inflation, foreign exchange shortages, economic hardship, low oil production and insecurity that had spread to most parts of Nigeria. Buhari's supporters, however, viewed him as Nigeria's conscience because he had a reputation for shunning the corruption and ostentatious lifestyles often associated with the country's political elites. To his critics, Buhari was "an absentee landlord — a leader who governed by delegation, who disappeared for long stretches (often to London for medical treatment), and whose aloofness felt like abandonment," the local BusinessDay newspaper said.

North Carolina is America's Top State for Business, According to CNBC Exclusive Study
North Carolina is America's Top State for Business, According to CNBC Exclusive Study

CNBC

time10-07-2025

  • Business
  • CNBC

North Carolina is America's Top State for Business, According to CNBC Exclusive Study

ENGLEWOOD CLIFFS, N.J., July 10, 2025—CNBC, First in Business Worldwide, today unveiled the results of the 2025 America's Top States for Business, with North Carolina taking the number one position. CNBC Special Correspondent Scott Cohn reported today live from the historic Battleship North Carolina in Wilmington, and counted down the top five states during CNBC's "Squawk Box" (M-F, 6AM-9AM ET) and on CNBC Digital. Coverage of America's Top States for Business will continue on-air and online through CNBC's Business Day programming today. The Tar Heel State was runner-up in 2021 before being crowned number one in 2022 and 2023, and it narrowly missed first place last year, when neighboring Virginia claimed the top spot. North Carolina had a well-rounded performance in 2025, finishing in the top five in Economy, Workforce, and Business Friendliness, and ranking 6th in Education. That momentum is being fueled by a wave of high-impact investments, including JetZero's decision to build its first factory in Greensboro, which is expected to create 14,500 jobs, and Amazon's $10 billion expansion of its data center footprint in the state. These moves build on the continued growth of North Carolina's life sciences and clean energy sectors, which are helping to anchor the state's long-term economic strength. However, with a lack of basic worker protections, the state ranks 29th in Quality of Life, and its rapid growth is driving up costs. "North Carolina has been on a roll for years now," Cohn said. "With its world-class workforce, a solid economy, and a heritage of innovation, North Carolina keeps winning business, and keeps winning our rankings." "The state faces some formidable challenges right now, including the recovery from Hurricane Helene last fall. But if any state can do it, this one can," he added. CNBC Digital offers a detailed analysis of how North Carolina claimed the number one position, including a complete economic snapshot (employment, budget, tax, and housing data). The rankings for all 50 states are available at Follow @CNBC and take part in the social conversation surrounding CNBC's Top States coverage using the hashtag #TopStates. CNBC's exclusive study scores all 50 states on 135 metrics across ten categories of competitiveness. The methodology grades the states based on factors companies consider each year when making site selection decisions, and the states pitch in their efforts to win business. Then, the economic development marketing pitches of every state are analyzed to determine the appropriate weight for each category. The more weight a category carries, the more metrics it includes. America's Top 5 States for Business: 1. North Carolina 2. Texas 3. Florida 4. Virginia 5. Ohio

Elon Musk's Starlink eyes South Africa expansion with $113 million spend
Elon Musk's Starlink eyes South Africa expansion with $113 million spend

Business Insider

time30-06-2025

  • Business
  • Business Insider

Elon Musk's Starlink eyes South Africa expansion with $113 million spend

Billionaire Elon Musk's satellite internet firm, Starlink, is reportedly considering an R2 billion ($112.7 million) investment in South Africa. Starlink is considering a $112.7 million investment in South Africa to address Black Economic Empowerment (BEE) requirements. Plans involve partnering with local companies for various operational needs to ensure compliance. South Africa, despite high internet demand, remains excluded from Starlink's services currently active in 17 African countries. Billionaire Elon Musk's satellite internet firm, Starlink, is reportedly considering an R2 billion ($112.7 million) investment in South Africa as a potential workaround to the country's Black Economic Empowerment (BEE) requirements. Starlink has communicated plans to partner with local South African companies for various infrastructure needs, including land leasing, fibre optics, energy services, security, and ongoing maintenance, as part of its efforts to meet compliance requirements, according to Business Day. This proposed investment comes as Starlink aims to secure a deal with the South African government ahead of the G20 Summit scheduled to take place in Johannesburg this November. Musk, who was born in South Africa, has previously claimed that Starlink is blocked from operating in the country because he is "not Black", a statement that South African officials have publicly denied. Starlink expansion stalls In May, reports emerged that the South African government was considering offering Musk a special exemption from the country's Black ownership laws to enable Starlink to legally operate within its borders. While Starlink is already active in 17 African countries, including neighbouring Namibia, Botswana, and Mozambique, it remains unavailable in South Africa, the continent's largest economy. This is despite the significant demand for affordable, high-speed internet, especially in underserved rural areas. A 2023 survey by Statistics South Africa found that only 1.7% of rural households have access to the internet. Communications Minister Solly Malatsi has stated that the ultimate decision on licensing Starlink lies with the country's independent communications regulator.

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