Flash Briefing: Gold miners demand 15% higher pay; Eskom, Sasol sued for deadly pollution; Tiger Brands funds start ups

Loading player...
* South Africa’s National Union of Mineworkers (NUM) wants a 15% wage increase across the board for employees in the gold mining sector, as well as minimum pay of 15,000 rand, says Reuters.
* South Africa’s biggest food producer Tiger Brands will launch a venture capital fund to invest in food and beverage start ups.
* A judge is set to rule after the first ever case filed against the government over its alleged failure to crack down on polluters Eskom and Sasol.
* A statue of Cecil Rhodes, an imperialist who greatly expanded the footprint of British rule in southern Africa, will remain in place at Oxford University’s Oriel College. Learn more about your ad choices. Visit megaphone.fm/adchoices
20 May 2021 10AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
29 Jun 12AM 15 min

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up…
25 Jun 7AM 9 min