Christo Wiese in Shoprite battle; Nigerian bank eyes SA; SA maggots go global; Zim hunger crisis; Sibanye


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  • Christo Wiese faces another corporate battle. The former billionaire, who lost fortunes when the Steinhoff share collapsed and was relegated from the ranks of a billionaire to a millionaire, could lose his grip on power at Shoprite.
  • A major Nigerian financial services provider sees lucrative business opportunities in South Africa. Access Bank, Nigeria's biggest lender, plans to open operations in four additional African countries in the next year, following its takeover of Transnational Bank of Kenya, says Bloomberg.

  • Sibanye Gold, the world’s biggest platinum miner, said it’s on track to resume dividend payments in the latter half of 2020 as third-quarter earnings more than tripled, says Bloomberg.

  • Here’s a quirky or should that be creepy good news story for South Africa. It is about to become a major fly exporter, tapping into opportunities for maggots to erode the world's waste mountains.

  • There is a humanitarian crisis unfolding on South Africa’s doorstep. About half of Zimbabwe’s 14m people are on the brink of starvation, according to the country's finance minister.

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