Why Black Economic Empowerment has underperformed

Netflix shares fell as a dispute with Brazilian tax authorities cut into its profits, Unilever said it has delayed the spin-off of its €15bn ice cream division because of the US government shutdown and gold had its worst day in more than a decade yesterday. Plus, critics are questioning whether South Africa’s Black empowerment policies are really paying off.

Mentioned in this podcast:

Netflix shares drop as Brazil tax dispute hits profits

Unilever’s €15bn ice cream spin-off delayed by US government shutdown

Gold tumbles 6% in biggest sell-off since 2013

South Africans question future of Black empowerment policies

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Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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