INSIDE YOUR BUSINESS: Anglo-Teck Merger: What SA Stands to Lose.
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Guest: Duma Gqubule – Adviser on Economic Development and Transformation
As Anglo American pushes ahead with a $60bn merger with Canada’s Teck Resources, South Africa could be on the verge of losing one of its most historic and economically significant mining giants. Duma Gqubule unpacks why the Anglo-Teck deal is far from a “merger of equals” and what it means for jobs, national resources, and South Africa’s long-term industrial strategy.
With Anglo already shedding assets, cutting jobs at Kumba Iron Ore, and positioning itself to shift its centre of gravity to Canada, Gqubule argues the deal would leave SA with just one major Anglo-owned asset and possibly none in the near future.
As Anglo American pushes ahead with a $60bn merger with Canada’s Teck Resources, South Africa could be on the verge of losing one of its most historic and economically significant mining giants. Duma Gqubule unpacks why the Anglo-Teck deal is far from a “merger of equals” and what it means for jobs, national resources, and South Africa’s long-term industrial strategy.
With Anglo already shedding assets, cutting jobs at Kumba Iron Ore, and positioning itself to shift its centre of gravity to Canada, Gqubule argues the deal would leave SA with just one major Anglo-owned asset and possibly none in the near future.
