Try GOLD - Free
World Economic Forum chairman, founder, Klaus Schwab resigns
The Mercury
|April 23, 2025
Klaus Schwab, chairman of the Board of Trustees and founder of the World Economic Forum (WEF), has decided to step down.
"Following my recent announcement, and as I enter my 88th year, I have decided to step down from the position of chair and as a member of the Board of Trustees, with immediate effect," Schwab said in a statement.
At an extraordinary board meeting on April 20, the board took note of Schwab's resignation and unanimously appointed vice chairman Peter Brabeck-Letmathe as chairman ad interim.
This story is from the April 23, 2025 edition of The Mercury.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Mercury
The Mercury
High Court orders new hearing for attorney's disbarment amid LPC procedural flaws
THE legal bid by the South African Legal Practice Council (LPC) to have an attorney disbarred following a flouted disciplinary procedure has been remitted back to the LPC’s Disciplinary Committee (DC) to have it heard before a new and differently constituted committee.
3 mins
May 13, 2026
The Mercury
Financially strapped eThekwini Municipality under fire for R90 000 calculator training budget
THE eThekwini Residents and Ratepayers Association (ERRA) has criticised the municipality for budgeting R90 000 to train 100 educators on using a scientific calculator.
2 mins
May 13, 2026
The Mercury
How SA's PIE amendment bill affects eviction laws and property rights
WITH South Africa being closer to a radical overhaul of its eviction laws as the Department of Human Settlements officially gazettes the Illegal Eviction and Unlawful Occupation of Land (PIE) Amendment Bill, the country is moving from a system of “eviction at all costs” to one of “regulated resolution”.
2 mins
May 13, 2026
The Mercury
Naspers and Prosus shares drop as CEO warns of reduced iFood earnings in 2027
NASPERS and its Europe-based internet business Prosus’ share prices fell sharply on the JSE yesterday morning after CEO Fabricio Bloisi warned that adjusted earnings for iFood in Brazil would reduce in 2027 because of additional investment required to take on competitors.
2 mins
May 13, 2026
The Mercury
Motsepe's African Rainbow Energy takes control of biggest renewables group
ARE acquires independent power company which holds a R20 billion energy portfolio
2 mins
May 13, 2026
The Mercury
Our rainy day rituals
“SHALL I compare thee to a summer's day?” Not in Cape Town right now.
2 mins
May 13, 2026
The Mercury
Former Hawks head Godfrey Lebeya denies interference in Truth and Reconciliation cases
THE former head of the Directorate for the Priority Crimes Investigations (DPCI), also known as the Hawks, Dr Godfrey Lebeya, has denied interference with Truth and Reconciliation (TRC) cases during his term as Hawks head.
2 mins
May 13, 2026
The Mercury
TRUMP'S MENTAL FITNESS FOR PRESIDENCY QUESTIONED
THE growing concern around Donald Trump is no longer only political.
3 mins
May 13, 2026
The Mercury
MKP accused of blocking government clinic construction over salary disputes
MEMBERS of the Umkhonto we Sizwe Party (MKP) in Pietermaritzburg have been accused of blocking the construction of a government clinic in a dispute over salaries paid to workers by the contractor appointed to complete the project.
2 mins
May 13, 2026
The Mercury
Africa CDC and Aspen move to secure long-term African vaccine supply partnership
AFRICA Centres for Disease Control and Prevention (Africa CDC) and Aspen Pharmacare have entered advanced discussions on a long-term vaccine supply partnership aimed at strengthening Africa’s vaccine manufacturing capacity and reducing the continent's reliance on imported vaccines.
1 mins
May 13, 2026
Listen
Translate
Change font size