Glencore: Glasenberg’s turbulent tenure comes to an end amid fresh controversy
Glencore announced that CEO Ivan Glasenberg will step down next year and resign from the board, to be succeeded by Gary Nagel
Glencore announced that CEO Ivan Glasenberg will step down next year and resign from the board, to be succeeded by Gary Nagel
Moody’s left SA on the brink of junk status last year after it revised the outlook on the country’s last investment-grade credit rating to “negative”.
Glencore is being investigated for bribery by UK authorities, deepening the legal troubles that threaten the world’s biggest commodities trader.
Former Eskom CEO Brian Molefe has lost his Constitutional Court case over the R30m pension he received from the power utility.
SA government yields climbed after the National Treasury said it will increase the amount of debt sold at weekly bond auctions to help fund a bailout of Eskom.
In December 2015, while most observant South Africans had their eyes fixed on consequences of Nenegate, shadowy actors were engineering a bargain-priced sale of the country’s strategic oil reserves.
Tiso Blackstar has announced the sale of its media, broadcast and content businesses in South Africa, Ghana, Nigeria and Kenya to Lebashe for R1 billion.
Switzerland’s top prosecutor opened a criminal probe against “unknown perpetrators” suspected of bribing foreign officials after a public interest group filed a complaint in 2017 against Glencore.
US president Donald Trump was described as a conman, a racist and a liar by his personal lawyer of 10 years, Michael Cohen in testimony before Congress yesterday.
State-owned power utility Eskom refused to renegotiate a coal deal with a mine owned by Glencore and tried to penalise it for supplying sub-standard fuel.