SA’s most successful executive export playing a major Thuma Mina roleÂ
After hearing Ramaphosa’s Thuma Mina call, Johan van Zyl agitated for the introduction of Japanese MITI’s hugely successful economic development model.
After hearing Ramaphosa’s Thuma Mina call, Johan van Zyl agitated for the introduction of Japanese MITI’s hugely successful economic development model.
Within hours of former Steinhoff CEO Markus Jooste’s shock resignation last Wednesday, some social media commentators were dubbing him South Africa’s version of American Ponzi King Bernie Madoff.
Steinhoff has informed shareholders that accounting irregularities go back further than the 2017 financial statements. Therefore, the 2016 financials should be disregarded.
After copping some justifiable flack for a lack of communication after Wednesday’s bombshell announcement, Steinhoff has kicked off what will hopefully be a stronger communication flow through a couple of statements on the Stock Exchange News Service.
Debt market investors know this, which is why those who have better things with which to occupy their time are dumping Steinhoff bonds without any concern for the value.
Patrice Motsepe’s African Rainbow Capital has taken an initial 20% stake in A2X markets, an aspirant stock exchange expected to start trading year end.
Mining magnate Patrice Motsepe turned down the role as Sanlam chairperson and asked former CEO Johan van Zyl to take on the role.
African Rainbow Capital, recently founded by well-known businessman Patrice Motsepe, has acquired a 20% stake in Val de Vie Investments.
The PIC says it is forming a group of black investors to buy a stake in Barclays Africa in a bid to ensure the bank comes back under the control of South Africans.
Barclays’ possible withdrawal from South Africa may turn out to be the economy’s biggest no-confidence vote at a time of financial-market turmoil and policy uncertainty.