Abil legislative push concerns investors – Moneyweb

Investors in South African banks are growing increasingly concerned over proposed legislation stripping them of some rights as creditors, fallout from the August collapse of African Bank Investments Ltd. The Banks Amendment Bill would give the administrator of a failed lender the right to sell assets and change capital structures without consulting investors, according to […]

Sappi in pilot project to make low-cost 'wonder material' – Business Day

Sappi and Edinburgh Napier University have developed a lower-cost, commercially viable way to make potential “wonder material” nanocellulose. The parties say nanocellulose has the potential to be used in a wide range of applications — from packaging and touchscreen displays, to car panels and wound care — with the potential demand for 35-million tonnes a […]

Tiger learns from mistakes in Nigeria – Business Day

Tiger Brands has not been put off buying businesses of scale and its rest-of-Africa strategy has been unaffected by its bad experience in Nigeria, CEO Peter Matlare says. Tiger’s acquisition of Dangote Flour Mills (DFM) in Nigeria two years ago for a “full price” has proved a major drag on the group’s earnings, with impairments […]

Sasol bond showing strain of plunge in oil – Moneyweb

The price of brent crude oil has dropped 38% since the end of June to a five-year low this month. Sasol Ltd.’s bonds are signaling investor concern that debt levels of the world’s biggest maker of motor fuel-from-coal are coming under pressure amid a 38% plunge in oil this year. Abdul Davids comments. view article

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