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Anglo Rejects Third BHP Proposal But Stays Open To Talks

SOUTH AFRICA
  • Anglo American rejected BHP Group's third takeover proposal worth $49bn, but gave it another week to propose an improved bid, which could result in the biggest mining deal in more than a decade. The key point of dispute is Anglo's South African business, with Anglo signalling concerns about plans for its restructuring. Note that the South African government is Anglo's largest shareholder through its Public Investment Corporation (PIC).
  • The MK Party has threatened to challenge the Constitutional Court's decision to block its leader Jacob Zuma from running in elections at the UN, but there is broad consensus that such efforts are unlikely to be successful.
  • Pretoria confirmed that if the International Criminal Court (ICC) issues arrest warrants against Israeli Prime Minister Benjamin Netanyahu and the leaders of Hamas, South Africa would be obliged to arrest them if they enter the country.
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