Corporate South Africa: Corrupt, Exploitative & Ways Out

South Africa is reeling from a string of scandals involving state owned enterprises and the Guptas, a family with close ties to President Jacob Zuma. A trove of recently leaked Gupta emails exposed the involvement of prominent businesses in the extensive corruption networks. Sibonelo Radebe asked Mills Soko to explain the implications of the scandals. What do you make of the situation? If nothing…

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Brace for Labor Unrest as AngloGold Ashanti and Sibanye Gold Retrench Thousands of South African Miners 

4TH AUGUST 2017 BY: AFRICAN NEWS AGENCY JOHANNESBURG – The National Union of Mineworkers (NUM) is set to embark on a protest march to AngloGold Ashanti’s head office in downtown Johannesburg on Saturday. NUM spokesperson, Livhuwani Mammburu, said the march was against the company’s decision to issue a Section 189 process notice to retrench 8 500 workers at its operationsin the Matlosana and Carletonville regions. In…

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Indigenous Business for Regional Dynamics in Africa

Indigenous business for regional dynamics in Africa   July 2016 Iheduru, O.C. 2016. “Indigenous Business for Regional Dynamics in Africa.” GREAT Insights Magazine, Volume 5, Issue 4. July/August 2016, pp. 30-35. Summary: Large-scale indigenous entrepreneurs are helping shape Africa’s regional dynamics. Two West African examples, namely industrial investment and infrastructure development and financial integration, demonstrate the socialisation…

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Acacia Mining, Barrick Gold Corp, Dangote and the Challenges and Opportunities of Resource Nationalism in Tanzania

Tanzania’s president, John Magufuli, nicknamed “the Bulldozer” for his forceful leadership style, has adopted a robustly nationalistic stance towards foreign investors, particularly in the extractive industries. Mr. Magufuli has sent shock-waves through the mining community with a series of actions since his election in 2015 that he says are to distribute revenue to the Tanzanian…

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A look at central banking in Nigeria (1)

The Central Bank of Nigeria (CBN) has a ‘mission creep’ problem. It has strayed too far into ‘development’ intervention, hardly the core mission of central banks around the world today. Mission creep spreads the Bank’s regulatory capacity too thin, inexorably leading to its now notorious fire brigade responses to structural failures. Moreover, ‘development’ banking unavoidably…

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A look at central banking in Nigeria (2)

We return this week to the concluding part of the ‘mission creep’ problem in the Central Bank of Nigeria (CBN) caused by its forays into ‘development’ activities. To reiterate, mission creep spreads the Bank’s regulatory capacity too thin, inexorably leading to its now notorious fire brigade responses to structural failures. CBN’s ‘development’ banking unavoidably leads…

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Political Risk Factors and the FMCG Market in Nigeria

Summary Nigeria’s Fast Moving Consumer Goods (FMCG) sector has grown phenomenally, from $884m in 2008 to 2011 estimate of $1bn. A barrage of new entrants and cut-throat competition threatens to upset a market dominated by companies like Unilever (NYSE:UL), Procter (NYSE:PG) & Gamble, ReckittBenckiser, Nestle (SWF:NESN), GlaxoSmithKline (NYSE:GSK), Paterson (GHA:PZ) & Zochonis, etc. While long term outlook remains positive,…

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