Business Maverick: Vendanta battle, Amcu deregistration, ComCom shames cell cos

[Click here for the web version of this email]( [BUSINESS MAVERICK with Tim Cohen (beta)]( Thursday, 25 April 2019 “... a mind needs books as a sword needs a whetstone, if it is to keep its edge.” George RR Martin Story of the Day [Vedanta chairman may have his sights on Anglo, but a takeover will not be easy]( By Ed Stoddard The UK Telegraph reported on the weekend that Anglo American was girding itself for a potential takeover by Vedanta chairman and self-made Indian mining tycoon Anil Agarwal. This is no big surprise: Agarwal’s over 20% stake in the venerable South African mining company rests on a convertible bond instrument that matures in 2020, when the Anglo shares can be transferred to the lenders. That means Agarwal has to act, by either refinancing his stake or raising it. A takeover will not be easy, though there may be bankers who would back the attempt. ON THE MONEY Currencies R/$ = 14.43 0.05% ▲ R/€ = 16.10 0.01% ▲ R/£ = 18.63 0.02% ▲ R/BTC = 72822 0.00% ▲▼ * At 5am or latest close Markets JSE All Share = 59103 -0.74%▼ DJIA = 26597 -0.22%▼ Oil = $74.62 -0.07%▼ Gold = $1276 0.05% ▲ WHILE YOU WERE SLEEPING [Department of Labour threatens to cancel Amcu's registration]( There has long been speculation that the Association of Mineworkers and Construction Union was in the Department of Labour’s sights because of its failure to hold regular leadership elections and other regulatory transgressions. But its charismatic president Joseph Mathunjwa is unlikely to go down without a fight. [Cosatu Urges Mboweni to Take His Own Advice and Retire]( South Africa’s largest labour federation wants Finance Minister Tito Mboweni to practise what he preaches and retire. That may not be because he’s too old, but rather that they just don’t like him. [Banks Entice South African Millennials With Rap, Free Food]( From free burgers and ride-hailing services to hip-hop concerts and discounted petrol: South African banks are going all out to win customers as competition hots up. [Thursday, April 25: Five Things You Need to Know to Start Your Day]( Facebook and Microsoft deliver solid results, Goldman may have to plead guilty over 1MDB, and Boeing’s chief insists the 737 Max will be one of the safest airplanes ever to fly. Here are some of this morning’s key stories. [Start #spreadingthenews and boost quality journalism]( Elections are just around the corner, and Daily Maverick is reaching out far and wide beforehand to get as many people informed and up to date with South Africa's shifting political landscape. [Click here and start up your own referral page](, send it on to friends and family who you think would benefit from our different newsletter offerings, including this Business Maverick newsletter, and add more chances to win some pretty incredible prizes. In Numbers $130-million The amount tech investor and head of Softbank Masayoshi Son lost by investing in bitcoin at its peak. Fact of the Day Merriam-Webster added more than 640 new words, or new meanings to old words, to the dictionary this month, including "snowflake" meaning someone overly sensitve, and "buzzy" meaning something characterised by a lot of speculative or excited talk or attention. Featured Articles [Business Maverick: Competition watchdog names and shames MTN, Vodacom for high data prices]( [Business Maverick: Competition watchdog names and shames MTN, Vodacom for high data prices]( By Ray Mahlaka [Business Maverick: Impact investing could bridge the socialist/capitalist divide]( [Business Maverick: Impact investing could bridge the socialist/capitalist divide]( By Ruan Jooste [South Africans favour renewables over coal, poll finds]( [South Africans favour renewables over coal, poll finds]( By Tessa Knight [With a few exceptions, corporate SA has ditched the idea of funding political parties]( [With a few exceptions, corporate SA has ditched the idea of funding political parties]( By Tim Cohen [Devil’s in the detail as government toys with regulating Airbnb]( [Devil’s in the detail as government toys with regulating Airbnb]( By Ruan Jooste Opinionistas [History has shown that the ANC NEC keeps the executive accountable, not Parliament]( [History has shown that the ANC NEC keeps the executive accountable, not Parliament]( A column by Lwando Xaso [Plastic pollution is monstrous – and humans are the monsters]( [Plastic pollution is monstrous – and humans are the monsters]( A column by Elaine Mills Weather BFN: min: 7° max: 20°, sunny CPT: min: 14° max: 20°, sunny DBN: min: 17° max: 26°, cloudy EL: min: 17° max: 24°, cloudy JHB: min: 8° max: 20°, rainy MHK: min: 9° max: 26°, cloudy NLP: min: 14° max: 27°, rainy PE: min: 15° max: 21°, rainy PMB:min: 12° max: 25°, rainy [FORWARD THIS EMAIL TO A FRIEND]( [Fb] [Tweet] [Link] [Yt] Copyright © 2019 Daily Maverick, All rights reserved. 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