Hogg resigns from Moneyweb

2012-10-27 00:00

BUSINESS people and the general public could be seeing a lot more of KZN-bred financial journalist and digital media entrepreneur, Alec Hogg, who has resigned as CEO of Moneyweb, a company he founded 15 years ago.

While he did not give away too much regarding his future, he said on his blog yesterday: “I love talking to groups about perspective on the economy, how the world is changing and how it affects us personally. There’s always been more demand for this service than the time I’ve been able to give. So I’ll be accepting more of those offers. And it pays well.”

Well-known to locals, he was a regular Weekend Witness columnist and guest speaker at various KZN business events.

Hogg and his wife Jeanette, who ran Graceland Gallery in Mooi River, lived on their Graceland Stud Farm for more than two years until they relocated to Johannesburg in February this year.

On Thursday, he made a comment on Facebook, describing it as a “traumatic day”.

He said on Facebook: “I’m just not on the same page as the guys running Caxton … I guess that’s business. When you own more than half the shares, you make the rules. They do. I don’t.”

Caxton owns 51% of the Alt-X listed Moneyweb, while Hogg owns 12%.

Moneyweb said that Hogg would remain on the board as a non-executive director, adding that Caxton chairperson Paul Jenkins would assume the role of executive chairperson of Moneyweb.

Jenkins told Weekend Witness that although there were differences, they parted ways on a mature basis.

He said it would be “business as usual” at Moneyweb, with Sandra Gordon of the Iconic Group taking over the day-to-day operations of the company.

“Alec has left behind an amazing team at Moneyweb. There is great depth in talent and experience. He has passed the baton. For us it is business as usual. We will ensure that we grow the business and make it stronger going forward. We will miss him,” said Jenkins.

Read Hogg’s blog on www.alec­hogg.com.

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