Flash Briefing: Slight rise in inflation; Eskom has to be saved; Steinhoff seeks extension; Zuma allies get Parly posts; MultiChoice’s African expan..
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In today's business headlines:
Inflation is up slightly in May rising to 4.5% mainly driven by a 3.3% rise in fuel prices.
South Africa simply has to rescue Eskom, even though it can’t afford to. That is the opinion of Bloomberg analysts.
Steinhoff International Holdings is seeking another extension to restructure after a R20 billion rand loss for the year ending September 2018.
In a blow to President Cyril Ramaphosa’s efforts to clean up the government a number of Zuma allies have been nominated for top posts for Parliamentary portfolio committees.
MultiChoice now has more user on the African continent, than inside South Africa after its Rest of Africa business grew by 12%. Learn more about your ad choices. Visit megaphone.fm/adchoices
Inflation is up slightly in May rising to 4.5% mainly driven by a 3.3% rise in fuel prices.
South Africa simply has to rescue Eskom, even though it can’t afford to. That is the opinion of Bloomberg analysts.
Steinhoff International Holdings is seeking another extension to restructure after a R20 billion rand loss for the year ending September 2018.
In a blow to President Cyril Ramaphosa’s efforts to clean up the government a number of Zuma allies have been nominated for top posts for Parliamentary portfolio committees.
MultiChoice now has more user on the African continent, than inside South Africa after its Rest of Africa business grew by 12%. Learn more about your ad choices. Visit megaphone.fm/adchoices
