Old Mutual in Zim crisis; SAA gets new CEO, R10bn in govt backing; Eskom, Aspen gouging; Sun International; Foschini

Loading player...
In today's news headlines:
* Zanu-PF wants to delist Old Mutual, the country's largest public company, after accusing it of playing into 'economic sabotage'.
* SAA has an interim CEO, Philip Saunders, and R10bn in government backing to get the state-owned airline back in the air.
* A former judge says an Eskom tender that grew from R114m to R14bn should be investigated.
* Sun International hopes to get shareholders to help it out of its liquidity crisis, with a R1.2bn rights offer looming.
* Aspen has slashed excessively high prices of cancer drugs in Europe to avoid a fine.
* Foschini is set for a rights offer to clean up its debt. Learn more about your ad choices. Visit megaphone.fm/adchoices
14 Jul 2020 1PM 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