News 09:00

BULLETIN 6 April 9 am

Good morning. I am……..

In this bulletin:

# The competition watchdog gives the nod to the R250-billion Anchor-Credo merger
# The ANC unpacks priority number 6 of its manifesto aimed at a better Africa, and world
# And, tennis: Injuries jeopardise Nadal and Murray’s chances of extending their careers

# The Competition Commission has approved the merger between South Africa’s Anchor Capital and the United Kingdom-based Credo, valued at nearly 250-billion-rand. The commission stated the merger won’t hinder competition in any market significantly. News24 reports this approval paves the way for the creation of a formidable asset management entity. Anchor’s CEO, Peter Armitage, expressed satisfaction with the approval, anticipating positive impacts on employment and accessibility to offshore investing. The deal is expected to be finalised in the coming months, making the combined business a significant player in the wealth and asset management sector.

# The ANC has underscored its commitment to global peace and development, stating its ongoing involvement in conflict resolution across Africa and beyond. This reaffirmation aligns with priority six of its manifesto, focusing on building a better Africa and world, particularly amid the Israel-Hamas war. International Relations minister Naledi Pandor highlights the importance of strengthening trade and investment links, while advocating for international bodies’ reform despite economic challenges:

# The Treatment Action Campaign has expressed worry over declining condom availability in the country. TAC’s national chairperson, Sibongile Tshabalala, urges the health department to distribute condoms for accessibility as data shows a five-year decline in condom availability. Tshabalala warns that this is endangering youth to the risk of HIV/AIDS and sexually transmitted diseases. Tshabalala has called on the government to provide alternative preventative measures:

# A court in Milan placed a company belonging to famous Italian fashion group Armani under judicial administration after it was accused of indirectly subcontracting its production to Chinese companies who exploit their workers. Reuters reports the court found industrial company Giorgio Armani Operations out-sourced the production of its shopping bags to two companies who subcontracted it to four Chinese companies who underpay their employees. The administration will be in force for a year, while Armani promised to work with the authorities to rectify the situation.

# And, tennis: Injuries are getting the better of two former world number ones who are desperately trying to extend their careers. Rafael Nadal of Spain’s withdrawal from the season’s first clay-court tournament in Monte Carlo put him in doubt for the French Open and a shot at a record-extending 15th title around his 38th birthday. Thirty-six-year-old Andy Murray of Scotland entered for the Queens grass-court tournament in London in June, but will have to shrug off an ankle injury first.

Stay tuned for more news………….