Flash Briefing; Sudan, Algeria celebrate; Aspen, Investec, Absa gain; SpaceX seeks $500m
Last week’s ousting of Sudan’s supposed president for life, 75-year-old Omar al-Bashir, is ushering in a raft of new democratic freedoms.
Algeria
South Africa falls from top position and Nigeria drops out of Top 10
Rand Merchant Bank’s seventh edition of Where to Invest in Africa presents some interesting changes in its ratings of the continent’s most attractive investment destinations.
Africa seen as the next China, vehicle manufacturers take note
The future automotive demand in Africa suggests significant growth opportunities on the continent that the industry considers the Final Automotive Frontier.
David O’Sullivan: If your job isn’t giving you joy, find another one
If your job isn’t giving you joy, could it be because you’re in the wrong job? David O’Sullivan asked three brave job-switchers to share their stories of change.
PPC chair Bheki Sibiya on cutting the dividend, defending his CFO – and Ketso Gordhan
The increasingly antagonistic boardroom shenanigans at PPC have completely overshadowed the company’s full year results which were released today.
Oil price rallies as punters expect OPEC to cut supply, lift price
As Asian markets opened this morning, punters bet the latest price decline would spur oil cartel OPEC into action to restrict supply and bump prices higher.
Ketso Gordhan: PPC’s wanna-be-back CEO is supported where it matters
The former PPC CEO Ketso Gordhan has spent the recent weeks lobbying PPC shareholders, three of whom – Foord, Visio, Old Mutual – have requisitioned an SGM.
Economic Freedom: Another global survey drop for SA – this time it really matters
South Africa continues its downward slide on the index of economic freedom compiled by the Fraser Institute in Canada, says the IRR in a policy paper.
Algerian auction looking for foreign investors in oil and gas fields
By Hamid Ould Ahmed ALGIERS (Reuters) – Algeria will hold its first auction of oil and gas fields since 2011 on Tuesday as the OPEC member looks to offset flagging production and safeguard stable gas supply for Europe. The north African nation is offering 31 areas including conventional oil and gas fields and a substantial … Read more
PPC Board vs Ketso Gordhan – ex-CEO asks shareholders for job back
Gordhan’s resignation from PPC last weekend about the board overstepping the mark by blocking him from firing a disruptive member of his executive team.