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The storm around Cyril Ramaphosa’s presidential campaign funding ratcheted up a level as a weekend newspaper disclosed names of contributors, mostly well-known business personalities.
Former Eskom CEO Brian Molefe has lost his Constitutional Court case over the R30m pension he received from the power utility.
Bloomberg reports that the banking index has dropped 15% since President Cyril Ramaphosa pledged a relentless focus on growth in his June 20 State of the Nation address.
Tencent plans to buy 10% of Universal Music Group from Vivendi SA in a deal that would value the world’s biggest music company at $34bn and help it tap fast-growing Asian markets.
Another government entity is at the centre of a money scandal – this time SA Express, which has sucked up more than R1.5bn in taxpayers’ funds to cover losses.
Warren Buffett’s Berkshire Hathaway disclosed over the weekend that it bought back $440m worth of its own shares in the three months to end June.
The Rand has weakened with other emergency currencies after the Federal Reserve Chairman Jerome Powell’s cut lending rates but ruled out extending the cycle.
SA government yields climbed after the National Treasury said it will increase the amount of debt sold at weekly bond auctions to help fund a bailout of Eskom.
Highlighting the challenges facing South African employers, Nedbank has confirmed it is in talks with about 1,500 employees over potential job cuts.
South Africans who are actively seeking offshore portfolio diversification have warmed to the entrepreneurs who are building Orbvest into a billion dollar powerhouse.