Judge wants proof of Zuma illness: Arrest warrant; Steinhoff skyrockets; Edcon sells CNA

Loading player...
In today's business news headlines:
* A judge is set to have former president Jacob Zuma arrested for failing to show up in court on grounds of illness; his lawyer will have to prove he is really sick;
* The Steinhoff share price skyrocketed, gaining nearly 50%, on news a buyer is interested in picking up European assets;
* Troubled retail group Edcon is to sell about 170 CNA stores;
* In an "encouraging for the consolidation of democracy on the continent”, Malawi became just the second African nation to annul election results on the grounds that they were rigged after Kenya’s High Court overturned the outcome of a 2017 vote;
* Nigeria has upped the ante with South Africa, its rival for investment funds, by relaxing visa rules to make it easier to do business. Learn more about your ad choices. Visit megaphone.fm/adchoices
4 Feb 2020 1PM English South Africa Investing · Business News

Other recent episodes

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up…
25 Jun 7AM 9 min