Christo Wiese in Shoprite battle; Nigerian bank eyes SA; SA maggots go global; Zim hunger crisis; Sibanye

Loading player...
Christo Wiese faces another corporate battle. The former billionaire, who lost fortunes when the Steinhoff share collapsed and was relegated from the ranks of a billionaire to a millionaire, could lose his grip on power at Shoprite.

A major Nigerian financial services provider sees lucrative business opportunities in South Africa. Access Bank, Nigeria's biggest lender, plans to open operations in four additional African countries in the next year, following its takeover of Transnational Bank of Kenya, says Bloomberg.

Sibanye Gold, the world’s biggest platinum miner, said it’s on track to resume dividend payments in the latter half of 2020 as third-quarter earnings more than tripled, says Bloomberg.

Here’s a quirky or should that be creepy good news story for South Africa. It is about to become a major fly exporter, tapping into opportunities for maggots to erode the world's waste mountains.

There is a humanitarian crisis unfolding on South Africa’s doorstep. About half of Zimbabwe’s 14m people are on the brink of starvation, according to the country's finance minister. Learn more about your ad choices. Visit megaphone.fm/adchoices
31 Oct 2019 4PM English South Africa Investing · Business News

Other recent episodes

Director's Cut: BEE is breaking South Africa - Gerhard Papenfus v Gwede Mantashe

In this candid and hard-hitting interview, Alec Hogg speaks to Gerhard Papenfus, CEO of the National Employers’ Association of South Africa, about his open letter condemning Black Economic Empowerment. Papenfus argues that BEE has distorted markets, damaged entrepreneurship, and entrenched elitism rather than broad-based upliftment. He challenges prevailing political narratives,…
20 Jan 5AM 37 min

Jabulani Khumalo - Zuma is “trying to build his own military wing”

In his latest interview with BizNews, MKP Founder Jabulani Khumalo warns that former President Jacob Zuma could be trying to build his own military wing. He spoke to Chris Steyn about a leaked letter purportedly written by Zuma to the Russian Defence Minister in which he stated that the 18…
20 Jan 10AM 10 min