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Buhari’s Exxon sale flip-flop risks Nigeria’s oil reform

16 Aug 2022 /  Anthony Osae-Brown, BLoomberg
Buhari’s administration is trying to reverse dwindling production and attract major investment into the sector that generates more than 90% of export earnings.

PwC scraps university degree rule to boost UK diversity

16 Aug 2022 /  Julian Harris, Bloomberg
'Talent and potential is determined by more than academic grades,' said Ian Elliot.

Even with biggest-ever climate bill, US lags China’s green spending

16 Aug 2022 /  Aaron Clark, Bloomberg
The bill devotes $374 billion to climate and energy measures over the next decade, with a focus on subsidies that make it easier and cheaper to live more sustainably.

Old Mutual approves new black empowerment share scheme

16 Aug 2022 /  Akhona Matshoba
Bula Tsela initiative will help the insurer achieve its B-BBEE ownership target of at least 30%.
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New-look Absa still losing primary customers

16 Aug 2022 /  Moneyweb
But focus on affluent and core markets is yielding results.

Good news and bad news for SA construction industry

16 Aug 2022 /  Roy Cokayne
Positive data on civil contract awards, less so on the number and value of projects out on tender.

CEF welcomes green light to acquire 50% of bpSA’s Cape Town terminal

15 Aug 2022 /  Nondumiso Lehutso
Move will enable its Strategic Fuel Fund subsidiary to diversify its revenue streams.

Pick n Pay QualiSave stores to target middle-income customers

15 Aug 2022 /  Nondumiso Lehutso
Research concluded that the group could not successfully meet the needs of all customers with only one PnP brand.

Finance minister denies alleged sexual harassment

15 Aug 2022 /  Paul Richardson, Bloomberg
The minister hasn’t received official communication from the police about the case, according to a statement.

Rhine river water level slips further at key German waypoint

15 Aug 2022 /  Brian Wingfield, Bloomberg
The Rhine is western Europe’s most important river for the transport of fuel and other industrial goods.
UPDATE

Absa more than doubles half-year dividend

15 Aug 2022 /  Akhona Matshoba
Says it expects to see strong growth trend continuing in the full year period.
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‘Investment and employment must be an outcome’

15 Aug 2022 /  Busi Mavuso
BLSA CEO on how business is working to support the public sector to deliver positive outcomes for South Africans - and where its hands are tied.

Richemont says ex-Bulgari CEO is inappropriate for board

15 Aug 2022 /  Deirdre Hipwell, Bloomberg
Too closely associated with arch rival LVMH.
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Stock rally cools on gloomy China economic outlook: markets wrap

15 Aug 2022 / 
Gold was at $1 792.85 an ounce, down 0.5%.

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