Unilever whistleblower on terrible cost he has borne for speaking out

Loading player...
It's an understatement to say whistleblower Juan Lerena has borne a terrible cost for exposing abusive practices by his former employer Sime Darby and fellow multinational Unilever. Forced into defending himself in a court action where top legal firm ENS represented Sime Darby, the judgment against Lerena (which we published as a right of reply) proves US president Abraham Lincoln's quip that in a court of law "he who represents himself has a fool for a client." The judgment paints Lerena as un-cooperative, and ruled that he must pay Sime Darby almost R100m. It is also used by the company to show staff and customers Lerena's allegations were groundless. Which is all very well, except that Sime Darby admitted guilt to the Competitions Commission, paid a R30m fine and promised to builtd a R130m plant to compete with Unilever - the company Lerena claims was its partner in commercial crime. In this interview on Rational Radio Lerena gives his side of the sorry saga. - Alec Hogg Learn more about your ad choices. Visit megaphone.fm/adchoices
2 Aug 2019 4AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Apple earnings; Amazon AWS; RMB housing; Anglo’s SA exit; Tesla China sale

Today's BizNews Daybreak covers Apple's quarterly results, Rivian's SUV success, and Anthropic's AI breach, alongside a semiconductor rally driven by Microsoft and Oracle. Football federations oppose FIFA selling World Cup stakes, while Donald Trump claims a Gaza disarmament agreement. Meanwhile, Alec Hogg discusses Anglo American’s South Africa exit, RMB launches…
30 Jul 11PM 14 min

Cityboy: How psychopaths win big in business, politics - but lose in life

A former top-ranked City of London stockbroker has written a manual for winning at business, politics and life. There's just one catch: to follow it, you'd have to think like a psychopath. Geraint Anderson, the man behind the legendary "Cityboy" column, tells BizNews editor Alec Hogg why he built his…
30 Jul 9AM 32 min

R1-billion blended finance programme to transform real estate

In this interview with Chris Steyn, Alessandro Scalco of RMB Sustainable Finance shares the details of a R1 billion Blended Finance Programme to formalise and scale South Africa’s burgeoning affordable rental market. Rand Merchant Bank (RMB) has partnered with INDLU, a property financial technology company that empowers landowners to build,…
30 Jul 6AM 15 min

BN Daybreak: Ramaphosa interdict bid; Fed holds rates; Fauci's Fifth Amendment; Zambian kwacha

In today's episode, the Fed leaves interest rates unchanged amid a fractured vote and market sell-offs. Locally, four parties are challenging President Ramaphosa's impeachment interdict, while Treasury controversially releases funds to 69 failing municipalities. We also cover Dr. Fauci invoking the Fifth Amendment regarding the Covid-19 response, Zambia's kwacha surging…
29 Jul 11PM 16 min