Flash Briefing: SA mines unlikely saviour of ravaged economy; lockdown likely to be extended; ANC rejects Zuma

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News headlines:
*The world’s deepest precious-metals mines, together with giant iron-ore and coal pits are providing an unexpected boon to a South African economy slowly recovering from its biggest contraction in a century.
*AngloGold Ashanti Ltd. appointed former BHP Group executive Alberto Calderon to its top job, ending a nearly year-long head hunt that’s weighed on the shares of the No. 3 gold producer.
*The government will most likely extend the two-week adjusted level four lockdown regulations as Covid-19 cases in South Africa continue to rise.
*South Africa’s ruling African National Congress distanced itself from former President Jacob Zuma’s attempt to discredit the Constitutional Court after it found him guilty of contempt, and slated threats by his supporters to block the authorities from arresting him. Learn more about your ad choices. Visit megaphone.fm/adchoices
6 Jul 2021 10AM English South Africa Investing · Business News

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