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Good afternoon,

WiseTech is in the midst of a full-blown crisis as four board directors quit, which is unprecedented for a top 20 ASX company, and underscores the risks of a tech company growing unchecked around one person, writes Eric Johnston.

The South Australian government’s Steel Task Force has been meeting secretly with KordaMentha since before Christmas, as a strategy to push the Whyalla steelworks into administration was formulated.

The superstar stock of the ASX may be sailing towards a cliff edge, with most experts believing it is heading for a fall.

The markets


Commentary
Australia must understand the new US policy pillars
By ROBERT GOTTLIEBSEN
Business Columnist
Rare earths are an essential part of new US foreign policy and Australians, including the business world, need to understand the implications of what is happening.
Latest news
Perpetual walks away from KKR deal
CEO Bernard Reilly says the latest offer from KKR did not provide enough value for shareholders.
CLIONA O’DOWD
Domain Group hires adviser for takeover defence
The online real estate group is assessing whether it will accept or reject a $4.20-per-share offer.
By BRIDGET CARTER
APA green lights $75m gas pipeline expansion plan
The investment marks APA’s attempt to bolster capacity as much of the industry urges Australian officials to approve new sources of supply or face importing LNG cargoes to NSW and Victoria.
By COLIN PACKHAM
Lovisa’s shine dims amid expansion
The jewellery and accessories retailer is paying a price for its aggressive global expansion, missing profit forecasts, but it isn’t stopping its store rollout and has announced Zambia as its 50th market.
By ELI GREENBLAT
Software surfers: laid-off couple build $20m-plus company
When Amy Tucker and Pip Bingemann were made redundant from US tech jobs they moved to Noosa, taught themselves to code and built a multimillion-dollar empire. Here’s how they did it.
By JARED LYNCH

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