Category Archives: Business

CYRIL RAMAPHOSA ELECTED NEW SOUTH AFRICA PRESIDENT AS JACOB ZUMA FORECEFULLY BOWS OUT

cyril ramaphosa

Former anti-apartheid activist turned successful businessman, Cyril Ramaphosa has been elected president of South Africa by a parliamentary vote less than 16 hours after the resignation of Jacob Zuma on Wednesday. Maphorisa has been the Deputy President of South Africa since 2014 and was elected as President of the ruling party, African National Congress (ANC) at the national conference in Nasrec, South of Johannesburg in December 2017. He is also the Chairman of the National Planning Commission which is responsible for strategic planning for the future of South Africa, with the goal of rallying the nation “around a common set of objectives and priorities to drive development over the longer term”. It is no doubt that party strategists had been working on removing Jacob Zuma whose 8 year tenure was marred by economic decline and multiple charges of graft, undermining the image and legitimacy of the party that led the struggle against apartheid. In a bid to allow the ANC regroup before the commencement of campaigns for the 2019 general elections, these party executives worked for Ramaphosa’s victory and sidelined Jacob Zuma in the bitterly contested party leadership elections last year.

cyril maphoria and jacob zuma

The party’s national executive committee ordered Zuma’s recall from office on Tuesday, after a 13-hour meeting at a hotel outside Pretoria. ANC officials had said that if Zuma did not resign on Wednesday, the party’s lawmakers in the Cape Town parliament would vote out Zuma on Thursday. However, in a 30-minute national television address on Wednesday, Zuma said he had “come to the decision to resign as president of the republic with immediate effect”.

Cyril Ramaphosa’s major challenge as president will be to reassure foreign investors and local businesses of his support and of course create measures to address South Africa’s deep problems in the last few years. Jacob Zuma, 75, also a former anti-apartheid activist who has led the ANC since 2007 and been South Africa’s president since 2009, was due to leave power next year.

 

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BREAKING: PRESIDENT DITCHES 2ND TERM AGENDA, TO STEP DOWN IN 2019

braking news image

This gist may come as a shocker really, considering recent endorsements from the South-East faction of the ruling party as well as desperate moves by the cabal to keep the president in power beyond 2019. Little do they know that the C-in-C has his own plans too. Any moment from now, he is going to announce his decision not to contest in the 2019 elections and send the country into frenzy. This may not be unconnected to his protracted health concerns, his wife’s continued public criticisms of his administration as well a recent advice by former president, OBJ, not to seek a second term in office.

We can’t wait to see how the cabal who seem to have exhausted all their options would respond to this announcement. The drama this year carry no be here o.

When this happens,don’t forget you read it here first.

2019 Elections

DON JAZZY AND D’BANJ COLLABORATE ON A NEW HIT SONG

Don Jazzy and D’Banj before going on stage at the 30 billion concert in Lagos, December, 2017

The former Mo’hits partners are set to drop a  hit song very soon. The song, produced by Don Jazzy has D’banj playing his harmonica with so much dexterity as in the good old days of “Tongolo”,  “Mobolowon” and “Why me” which endeared him to Africa.
It is not certain yet which day the song will be released, but a reliable source who spoke to Oversabi suggests the song will drop on April 1, 2018 (April Fools day) which also doubles as Easter Sunday.

I like the song in particula and i’m sure you guys will love it when you hear it. Don’t forget you heard it here first!

Mo’Hits crew re-union at the 30 billion concert, December, 2017 in Lagos, Nigeria

It will be recalled that the reconciliation move was engineered by DMW boss, Davido who re-united the entire Mo’Hits crew and had them perform in his the 30 Billion concert in December,  2017 in Lagos, Nigeria.

TRACK WITH WIZKID ON JEEZY’S ALBUM RATED FANS FAVORITE

Ahead of Jeezy’s album “Pressure” which drops on the 15th of December, 2017, the rapper dropped by for an interview on the “Everyday Struggle” show where he talked about the artiste-features on his album. On the first video, around the 7 seconds mark, he particularly talked about Wizkid. In his words… ‘..Like i respect what Wizkid does..I saw it..live in person..i didn’t understand it but when i saw it..’like.. woh!..’

In the second video, when asked what songs were fans’ favorites from the album listening party, he said “Erm…a lotta people like the Tory Lanez record with (Rick) Ross, a lotta people love the…uhm… American Dream of course (with JCole and Kendrick)…a lotta people love the Wizkid record with Trey Songz…as far as the Jeezy records you know…uhm…this is it..was a crowd favorite..uhm..in ‘Spyder’…” 

Below is the track list of the Pressure album. Wizkid is featured alongside Trey Songz on the 12th track titled “The Life”

jeezy pressure album tracklist