Avusa’s chief executive officer Prakash Desai has resigned, the company says. Media Managing Director Mike Robertson will act in his place for now.

Prakash Desai has exercised R3.69-million worth of rolled-over share-based incentives granted in 2003 and 2004 by Johnnic Communications Limited.

Avusa’s chairperson and two directors have quit after alleged interference from shareholders, and the company’s chief executive will soon follow.

Avusa CEO Prakash Desai has been elected president of Print Media South Africa, the body representing newspaper and magazine publishers.

The JSE had been lifted into the black by noon on Monday as firmer world markets and advances in the bank sector helped enliven the bourse after its soft opening. By noon, the…

Minister in the Presidency Essop Pahad is not yet pursuing his opinion that the government should pull advertising from the Sunday Times, presidential spokesperson Mukhoni…