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One of Tencent’s most valuable investments is sinking as China expands its crackdown on online content.
South African President Cyril Ramaphosa delayed naming the members of his new cabinet until later in the week, with his spokeswoman saying he needs more time to deliberate before finalising the line up.
With South African President Cyril Ramaphosa’s inauguration over, the focus now turns to who he will appoint to his new cabinet.
Eskom said Phakamani Hadebe will step down as chief executive officer of the heavily indebted South African state power utility at the end of July.
Old Mutual suspended Chief Executive Officer Peter Moyo over a conflict of interest involving his investment firm NMT Capital.
Standard Bank said Lonmin investors should reject Sibanye Gold’s takeover offer as it undervalues the platinum miner’s assets by as much as R6.64bn.
Old Mutual suspended Chief Executive Officer Peter Moyo, saying there had been a “material breakdown in trust and confidence” between him and the insurer’s board.
Cosatu wants state companies to be managed by various ministries and wants the Department of Public Enterprises scrapped when President Cyril Ramaphosa announces his new executive.
Anheuser-Busch InBev NV sees further African investment after spending about $200m on the continent since the world’s largest brewer bought SABMiller in 2016, according to Chief Executive Officer Carlos Brito.
The PIC faces a tough choice: back Sibanye Gold’s takeover of Lonmin, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner.