Business Day TV spoke to Financial Mail editor Marc Hasenfuss
06 June 2024 - 15:53
byBusiness Day TV
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Anglo American CEO Duncan Wanblad. Picture: FREDDY MAVUNDA/BUSINESS DAY
The clock is ticking on Anglo American CEO Duncan Wanblad’s radical restructuring plan. Wanblad aims to simplify the business by selling De Beers and unbundling its platinum arm, but as demand remains subdued in the diamond market and with an overall commodities downturn, there has been uncertainty as to whether Anglo’s divestiture-for-value plans are even possible.
Financial Mail editor Marc Hasenfuss discussed the situation in more detail with Business Day TV.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
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WATCH: Clock is ticking on Duncan Wanblad’s plans
Business Day TV spoke to Financial Mail editor Marc Hasenfuss
The clock is ticking on Anglo American CEO Duncan Wanblad’s radical restructuring plan. Wanblad aims to simplify the business by selling De Beers and unbundling its platinum arm, but as demand remains subdued in the diamond market and with an overall commodities downturn, there has been uncertainty as to whether Anglo’s divestiture-for-value plans are even possible.
Financial Mail editor Marc Hasenfuss discussed the situation in more detail with Business Day TV.
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