Taxpayers give Eskom R54bn; Deloitte in corruption scandal; DA implodes; SA's Tencent tourism deal; airline groundings; Pick n Pay
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Taxpayers are to fund another R54bn to bail out Eskom. The Special Appropriation Bill will see the government give the troubled power utility R26bn in the year through March and R33 bn the following year, according to Bloomberg.
Eskom wants Deloitte to pay back about R200m after it benefitted from corrupt arrangements with the power utility.
The Democratic Alliance is imploding, political analysts warn, as the election of Helen Zille to a top post sparks the resignation of Johannesburg mayor Herman Mashaba. DA leader Mmusi Maimane appears to be on the brink of leaving, too.
SAA, Mango, Comair, Kulula and British Airways flights have been the focus of inspections by the regulator. Some flights were grounded, reports Bloomberg.
Goldman Sachs sees a silver lining for South Africa: The economy is at its lowest point and the only way is up, says Bloomberg.
South Africa has signed a two-year agreement with Chinese Internet firm Tencent, which will use its popular WeChat platform to market tourism to millions in China, reports Reuters.
Looking at the JSE, retailer Pick n Pay was the best-performer on the day. Its share price jumped an impressive 10% on the back of news that a focus on low prices and cutting costs helped drive a 9.5% rise in first-half earnings.
Eskom wants Deloitte to pay back about R200m after it benefitted from corrupt arrangements with the power utility.
The Democratic Alliance is imploding, political analysts warn, as the election of Helen Zille to a top post sparks the resignation of Johannesburg mayor Herman Mashaba. DA leader Mmusi Maimane appears to be on the brink of leaving, too.
SAA, Mango, Comair, Kulula and British Airways flights have been the focus of inspections by the regulator. Some flights were grounded, reports Bloomberg.
Goldman Sachs sees a silver lining for South Africa: The economy is at its lowest point and the only way is up, says Bloomberg.
South Africa has signed a two-year agreement with Chinese Internet firm Tencent, which will use its popular WeChat platform to market tourism to millions in China, reports Reuters.
Looking at the JSE, retailer Pick n Pay was the best-performer on the day. Its share price jumped an impressive 10% on the back of news that a focus on low prices and cutting costs helped drive a 9.5% rise in first-half earnings.
