ANC endorses reform; Anglo urges mining truce; Samancor 'heist' allegations; Moyo wants R250m; Boris’ final offer

Loading player...
In today's business headlines: 
The ANC has approved a range of proposals to revive economic growth, but stopped short of endorsing Finance Minister Tito Mboweni’s plan to sell state assets.
The wage dispute between trade union AMCU and South Africa’s three biggest platinum miners will be referred to the country’s Commission for Conciliation, Mediation and Arbitration.
Anglo American CEO Mark Cutifani has urged the mining sector at the Joburg Indaba to work more closely with the government. He said  believed that the government was on course towards much-needed stability.
AMCU is taking private miner, Samancor Chrome to court alleging that Croatian billionaire Danko Končar and his “associates spirited billions of rands abroad in a transfer pricing scheme” and that they sold assets while secretly pocketing most of the proceeds.
Old Mutual said CEO Peter Moyo wants R250 million rand in damages after he was fired.
and British Prime Minister Boris Johnson has revealed his last offer to the EU for a Brexit deal. Learn more about your ad choices. Visit megaphone.fm/adchoices
2 Oct 2019 11AM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min