Moyo/Manuel - now it gets personal, Treasury's Eurobond coup, The power of good news

[Spread Business Maverick and share the knowledge.]( [Web version here.]( [Business Maverick with Tim Cohen] Wednesday, 25 September 2019 “The eyes of others our prisons; their thoughts our cages.” Virginia Woolf Story of the Day [Moyo to go after Old Mutual directors in their personal capacity]( By Ray Mahlaka Axed Old Mutual CEO Peter Moyo wants to censure the conduct of Old Mutual board members, including chairman Trevor Manuel, by charging them individually with contempt of court. If found guilty, the directors could be imprisoned – with chilling implications for corporate SA. [Adspace]( On the Markets Exchange Rates R/$ = 14.88 -0.05% R/£ = 18.59 -0.03% R/€ = 16.40 -0.03% R/BTC = 129,413.00 -10.89% At -+5am or latest: % open to close Trading the Markets JSE All Share = 55,623.00 -1.39% Dow Jones = 26,807.77 -0.53% Brent Crude ($/bbl) = 62.34 0% Gold ($/oz) = 1,531.47 -0.05% While You Were Sleeping [Oil Declines as US Stockpiles Expand While Trump Lashes China]( Oil extended losses as industry data indicated US crude inventories expanded and as President Donald Trump took a hardline stance on China during a United Nations speech. [WeWork IPO Plan in Doubt as CEO Neumann Exits Under Pressure]( Some WeWork directors are planning to push Adam Neumann to step down as chief executive after the startup delayed its much-anticipated initial public offering. [Bitcoin Steadies After Tumbling to Nearly $8,000 in US Session]( Cryptocurrencies steadied early in the Asia session on Wednesday after being whacked in American trading hours. [Wednesday, September 25: Five Things You Need to Know to Start Your Day]( Trump impeachment inquiry launched, China’s startup boom fades and WeWork’s controversial CEO steps down. Here are some of the things people in markets are talking about today. In Numbers $15-million Nissan will pay $15-million and its former chairman Carlos Ghosn $1-million to US regulators to settle allegations rhat they hid over $140-million of Ghosn's benefits from investors. Fact of the Day The Wall Street Journal reports that Snap, owner of the Snapchat app, has been tracking Facebook’s more cut-throat moves in a dossier it calls “Project Voldemort”. Amoung the contents of the dossier are the allegations that Facebook discouraged Instagram influencers from mentioning Snapchat on their accounts and that Facebook's acquisition offer was laced with threats. [Adspace]( [Responsible Investing: The State of Stewardship Today]( [Sponsored Content by Old Mutual Investment Group If 2018 was a watershed year for stewardship, then this year certainly picked up where last year left off. It wasn’t long before some key environmental, social and corporate governance (ESG) themes came squarely into the spotlight again as a number of companies became victims of their failure to manage material ESG risks appropriately.]( Featured Articles [The economic power of good news]( [The economic power of good news]( By Sharon Wood [Gas in Mozambique – a $128bn opportunity]( [Gas in Mozambique – a $128bn opportunity]( By Sasha Planting [Infant mortality drop shows progress on African poverty, and economic growth may be playing a role]( [Infant mortality drop shows progress on African poverty, and economic growth may be playing a role]( By Ed Stoddard [Treasury pulls rabbit out of hat with $5bn sale of two international bonds]( [Treasury pulls rabbit out of hat with $5bn sale of two international bonds]( By Ed Stoddard Opinionistas [Sustainability with Chinese characteristics]( A column by Stephen S Roach [Resisting the rise of the robots]( A column by Reg Rumney [FORWARD THIS EMAIL TO A FRIEND]( [Fb]( [Tweet]( [Yt] Copyright © 2019 Daily Maverick, All rights reserved. You are receiving this mail because you are awesome and on the Business Maverick subscriber list. Interested in advertising with us? [Click here to sign the pact.]( [Adspace]( [Getting too many emails from us? Manage your preferences]( [Unsubscribe](