Flash briefing: Ant IPO derailed; US elections; Mbeki in Trump smear; Sibanye accused of BEE 'theft'; Mozambique EU aid

Loading player...
* China put the brakes on Ant Group Co.’s $35 billion share sale in Shanghai and Hong Kong, derailing the world’s biggest initial public offering.
* Analysts are cautious about how soon the U.S. will know the results of election voting.
* The name of former SA president ‘Thabo Mbeki’ has been used to smear Donald Trump as Americans cast their votes.
* South Africa’s mining minister has accused Sibanye-Stillwater of breaching regulations on Black ownership targets at its gold operations and said the miner had stolen its compliance rating, reports Reuters.
* The European Union will give Mozambique 100 million euros ($116 million) in budget support, resuming aid to the southeast African nation after a scandal over undisclosed debts prompted a four-year freeze, says Bloomberg.
* Learn more about your ad choices. Visit megaphone.fm/adchoices
3 Nov 2020 10AM English South Africa Investing · Business News

Other recent episodes

Jabulani Khumalo - Threats, a R14-m ransom & the battle for MKP….

In his latest interview with Chris Steyn, the real founder of MKP, Jabulani Khumalo, reveals threats to the actual directors of the “hijacked” party over a picket to distance themselves from the human trafficking of 19 men to Russia. “…our spokesperson… got a call…a threatening call…And also, the people on…
11 Jan 6AM 18 min

Magnus Heystek: Why SA’s middle class is quietly being crushed

South Africans are being told everything is fine. Magnus Heystek says it’s a dangerous illusion. In a wide-ranging conversation with Alec Hogg, the veteran investment strategist warns that falling GDP per capita, rising taxes, weak property returns and flawed retirement structures are steadily hollowing out the middle class. From Regulation…
9 Jan 6AM 41 min