Author: The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Prosus NV hasn’t lost its appetite for food delivery, even after the e-commerce giant was defeated in a grueling $8 billion bidding war for U.K. firm Just Eat Plc. Takeaway.com NV last week declared victory in the battle for Just Eat, saying investors holding 80.4% of the shares had formally backed its all-stock bid and rejected a cash offer from Prosus. But the Naspers Ltd.- the controlled company has alternative targets…

JOHANNESBURG (Capital Markets in Africa) – Woolworths Holdings Ltd. appointed Roy Bagattini from Levi Strauss & Co. as chief executive officer to replace Ian Moir, who will step down after nine years at the helm of the South African retailer. Bagattini, 56, will start next month, the Cape Town-based company said in a statement on Tuesday. He is the head of the Americas region of the U.S. jeans maker, where he has worked since 2013. Before that, the South African held senior roles…

JOHANNESBURG (Capital Markets in Africa) – Two people were killed Monday as protesters clashed with security forces across the West African nation during demonstrations against proposed changes to Guinea’s constitution that may allow President Alpha Conde to extend his 10-year rule. Conde, 81, is likely to try to stay in power after his second — and legally last — term ends in October. Last month, he unveiled a proposed new constitution that’s to replace a 2010 version…