Investment – In Brief

Investment

E.tv holding company suspends Marcel Golding. Hosken Consolidated Investments (HCI) in a surprise move late on Wednesday, announced that it had suspended its executive chairperson Marcel Golding pending a disciplinary hearing into “gross misconduct”. Golding was not available for comment at the time but HCI said in a statement that the suspended chairperson had started legal proceedings to block his suspension and the hearing that is scheduled to begin on Monday October 27. Golding, who featured in the Forbes list of “Ten African Multimillionaires You Have Never Heard Of”, is the largest individual shareholder of HCI – a listed holding company with significant stakes in casino chain Tsogo Sun Holdings, private free-to-air channel e.tv and Golden Arrow Bus Service, among others. Read the full article here.

 

 

Mziiki is an African music streaming service that offers a diverse array of African musical talent alongside international content, and all for free. The rhythm of Africa is freely available on the Mziiki app and mobile site, which is the ideal platform for artists to reach wider audiences, for telco’s to sell data and for African music lovers to gain easy access to their favourite music.

In only 30 days, Mziiki has reaches an impressively diverse audience across the globe, has an established footprint and a vast musical repertoire, and is fast becoming Africa’s largest free multi-platform digital streaming service.

“The digital streaming service offers an impressive pool of talent throughout sub-Saharan Africa with an opportunity for artists to monetise their music and launch their career using a hassle-free process. This can be done on a secure system that has superb reach so much so that there is the opportunity to achieve international recognition and revenue,” says Arun Nagar, CEO of Spice VAS Africa, the developers of Mziiki.

 “With over 800 exclusive licenses from African artists Mziiki also drives revenue for telco’s by offering an end-to-end platform to drive data usage, new subscription revenues and an opportunity to engage with customers,” says Nagar. Visit: http://www.mziiki.com