Bank strikes; Moyo hits Old Mutual - again; Petra big diamond find; SA Eurobonds a hit; More Brexit drama

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South African banks are urging clients to use digital channels as the industry prepares for what could be its biggest strike since 1920.

Old Mutual’s dispute with Peter Moyo was pushed out after the South African insurer’s fired chief executive officer was granted leave to add evidence to a contempt of court charge he brought against the company, says Bloomberg.

Petra Diamonds has found a 20.08 carat blue stone at its flagship mine in South Africa, offering some relief to a miner struggling with weak demand and a mountain of debt, says Bloomberg.

South Africa raised $5bn in its biggest Eurobond sale to date, offering returns that compensated investors for increasing fiscal problems, says Bloomberg.

South Africa is to sell electricity to Zambia, which has a massive shortfall.
More Brexit drama, after the UK's Supreme Court found that Prime Minister Boris Johnson unlawfully suspended Parliament to frustrate its ability to “carry out its constitutional functions”. Learn more about your ad choices. Visit megaphone.fm/adchoices
24 Sep 2019 2PM English South Africa Investing · Business News

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