Cassava Technologies, formerly Liquid Group, has made ten significant executive appointments across various divisions, aiming to solidify its position in the African market. The changes come after a successful equity raise and refinancing in late 2022, which helped the company avoid a potential liquidity crunch. The new leadership team is tasked with ensuring continued success and growth for Cassava.
Cassava Technologies, formerly Liquid Group, has announced ten executive changes at various divisions within the company, including the appointment of Ziaad Suleman as CEO of its South African business.At the same time, former Liquid Telecom South Africa CEO Deon Geyser was appointed CEO of Liquid Networks for Cassava, where he will oversee the company’s broadband portfolio across Africa.
Subsidiary Liquid Intelligent Technologies also refinanced its long-term loan on a multi-tenor basis, with Standard Bank, Rand Merchant Bank, Nedbank, and International Finance Corporation providing a new R4-billion debt facility. “This would result in financial loss, reputational damage or prohibitive regulatory fines or conditions,” it said.
CASSAVA TECHNOLOGIES EXECUTIVE CHANGES LIQUID INTELLIGENT TECHNOLOGIES AFRICA BROADBAND
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