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

BN Daybreak Fri 16 Jan: Trump’s Nobel “Medal”; Farmers boo Steenhuisen; ASML jumps

In this episode of BizNews Daybreak, Alec Hogg covers the intersection of high-stakes global politics and critical local challenges: Trump’s Nobel Moment: Venezuelan opposition leader Maria Corina Machado presents her Nobel Peace Prize medal to Donald Trump at the White House, calling him the “heir to Washington”. US-Taiwan Trade Deal:…
15 Jan 11PM 18 min

BN Daybreak Thurs 15 Jan: Abedian on SA Silence about “21st Century Nazis”; Mining Indaba's back story; Sasol Surges

In this morning's briefing, Alec Hogg unpacks a volatile geopolitical landscape where conflicting reports emerge from Iran—Donald Trump claims de-escalation while internal memos suggest mass casualties. We speak to Iranian-born and bred entrepreneur and former UCT Economics Prof Iraj Abedian, who delivers a scathing critique of the South African government's…
14 Jan 11PM 17 min