Robert Gumede reveals negotiations with IDC for a joint venture to revive Tongaat Hulett, aiming to secure financial stability and avert asset sell-off.
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Anglo American rejects BHP's improved takeover bid
Australian mining giant BHP revealed Monday that British rival Anglo American has rejected an "improved" takeover bid worth £34 billion ($43 billion) as it aims to create a copper titan. Anglo's stock has been boosted since the initial approach as traders bet on a possible bidding war with other mining giants like Glencore or Rio Tinto.
Chinese firms exit Romania solar tender after EU probe
Two Chinese-owned solar panel manufacturers have withdrawn from a public procurement tender in Romania after the EU launched an anti-subsidy probe, Brussels said Monday.
Booking.com to face tough new EU tech rules
The European Union on Monday added Dutch online travel giant Booking.com to its list of digital companies that are big enough to fall under tougher competition rules. In the same statement on Monday, the commission also said it opted not to include advertising services provided by X and TikTok on its list. raz/ec/lth
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Johann Rupert’s Reinet Investment Fund Hits R128 Billion in Net Asset Value in Luxembourg
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