The South African CEO who wanted to be a car mechanic taking over R1 trillion mining giant

South African Duncan Wanblad is set to be the CEO of the combined Anglo American-Teck Resources mining giant. View online Wednesday, 26 August 2026 Your daily update The South African CEO who wanted to be a car mechanic taking over R1 trillion mining giant South African Duncan Wanblad is set to be the CEO of the combined Anglo American-Teck Resources mining giant. South African retirement tax trap South Africans with unused retirement contributions could lose valuable tax savings if they use them incorrectly, with the balance potentially worth up to 45% in tax relief. Iconic South African R12 billion retailer hit by perfect storm Italtile faces a perfect storm of macroeconomic headwinds, with the company acting as a bellwether for the struggling South African consumer. 97 apartments in 4 hours: Buyers snap up new hotel development in popular South African coastal town The launch of international hotel giant Radisson’s brand-new serviced apartments in Umhlanga drew major interest, with 97 sectional-title apartments sold within three hours of their online launch. Business and Technology News Corrupt officials allegedly demanded cash to reconnect electricity in South Africa Seven individuals have been arrested for allegedly soliciting bribes to reconnect people's electricity supply. Businesses in South Africa need to pay their workers at least R20,000 per month Professor Ines Meyer of the Living Wage South Africa Network says that companies should pay their workers R20,000 per month. The top-performing private school for girls in South Africa with 4.27 distinctions per matric Roedean in Johannesburg is one of the best-performing private schools in South Africa, with 4.27 distinctions per matric learner. Must read ANC appoints people to take taxpayer money OUTA CEO Wayne Duvenage says that the ANC deliberately appoints compromised individuals to state entities to weaken governance and create chaos. Naspers in hot water with investors Some of the world’s biggest investors have signalled that they object to the share structure of Prosus and its parent company Naspers, and how the companies pay their executives and board members. A good company should never pay a dividend A good company should never pay a dividend, as it tells shareholders that they can do better things with the money than the management team, billionaire Christo Wiese says. Top South African miner becomes a R122 billion takeover target Northam Platinum jumped after disclosing that it’s received an unsolicited approach from a “major producer” of platinum-group metals in South Africa. More stories

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