Moonyeenn Lee & Associates (MLA), now the largest talent agency on the African continent, has announced that it is opening a new office in Cape Town. The launch of a representative office in the heart of one of South Africa's premier film destinations follows fast on the heels of a recent announcement that the agency would be representing screenwriters and directors alongside the leading talent already in the stable.Issued by Moonyeenn Lee & Associates (MLA)
Woolworths has launched two new digital beauty experiences, Virtual Try On and Virtual Consultations, which are designed to help consumers reinvent their beauty shopping experience at home and gain more confidence before making a purchase.
After 12 years of being 'The Home of the Afropolitan', we are excited to introduce our latest evolution - Kaya 959. On the Street. On the Air. Our new brand identity is about highlighting Kaya 959 as a radio station for all.Issued byKAYA 959
South African conglomerate Steinhoff International Holdings N.V. could consider an equity issue, its CEO said on Friday, as the retailer looks to reduce its debt and financing costs.
Steinhoff chief executive officer Louis du Preez addresses a presentation to investors in Cape Town, South Africa, August 13, 2019. Reuters/Mike Hutchings/File Photo
At an annual shareholder meeting, chief executive officer Louis du Preez was asked whether the company would consider an equity issue once it has settled about 90 separate legal claims against it following a 2017 accounting scandal.
"One of the options that we will potentially look at, there are many options, is potentially an equity raise. Obviously no decision has been made in that regard," he told shareholders, without elaborating on what the funds might be used for.
The furniture and clothing retailer is preparing to meet the costs of a $1bn global lawsuit settlement plan by selling some of its majority-owned African subsidiary's shares, among other steps.
South Africa-headquartered and Netherlands-registered Steinhoff has been selling off assets and planning to list its Pepco Group discount retailer business to reduce debt and financing costs.
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