Pakistan in cross-hairs of Zuma state capture; Vodafone Africa money spinner; Discovery; Amplats; Zim
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In today's business headlines:
* Pakistan could be put on an international black list for moneylaundering, with evidence that one of its banks took on as a client Duduzane Zuma - the former president's son who worked for the Gupta brothers;
* The UK's Vodafone has identified a $2 money spinner in Africa, which includes nano-loans in Kenya and funeral cover in South Africa;
* The Zimbabwe economy continues to implode, with warnings that more businesses are set to close as inflation shoots past 500% and the European Union continues to warn that human rights abuses must be investigated;
* The huge need for infrastructure in Africa has a silver-lining for banks, which are making a good business out of debt sales;
* The Amplats share price perked up, even as Chris Griffith, CEO of Anglo American Platinum, one of the world’s largest sources of the metal, and a veteran in the Anglo American stable, resigned unexpectedly;
* The Discovery share price was a big loser on the Johannesburg stock exchange, after the group said its profit would plunge at its UK arm VitalityLife.
* Pakistan could be put on an international black list for moneylaundering, with evidence that one of its banks took on as a client Duduzane Zuma - the former president's son who worked for the Gupta brothers;
* The UK's Vodafone has identified a $2 money spinner in Africa, which includes nano-loans in Kenya and funeral cover in South Africa;
* The Zimbabwe economy continues to implode, with warnings that more businesses are set to close as inflation shoots past 500% and the European Union continues to warn that human rights abuses must be investigated;
* The huge need for infrastructure in Africa has a silver-lining for banks, which are making a good business out of debt sales;
* The Amplats share price perked up, even as Chris Griffith, CEO of Anglo American Platinum, one of the world’s largest sources of the metal, and a veteran in the Anglo American stable, resigned unexpectedly;
* The Discovery share price was a big loser on the Johannesburg stock exchange, after the group said its profit would plunge at its UK arm VitalityLife.
