Eskom slashes SA growth; Zim pot smoking hot; investment bankers steal millions; Brexit; Mediclinic
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Eskom's blackouts could cost SA R5bn a day, a leading economist has warned.
The Zimbabwe government has launched the country's first legal cannabis farm in the Harare Central Prison, but it insists that prisoners won't get a whiff.
The corporate side of corruption in Africa has been laid bare in a sensational court case involving bankers from a leading global bank. Former Credit Suisse Group AG banker Andrew Pearse told a jury in Brooklyn, New York, that he pocketed at least $45m in illicit payments for his role in the arrangement of loans worth $2bn to companies in Mozambique, says Bloomberg.
Prime Minister Boris Johnson’s Brexit deal with the European Union was barely agreed before it ran into trouble at home, as his Irish allies in parliament said they could not support it, reports Bloomberg.
South Africa-born tech entrepreneur Elon Musk has been named among the world’s richest people in the car industry. Musk is number 3 on the list of automotive wealth after Bill Gates, who is best known for heading Microsoft but also has a car dealership called AutoNation Inc, and Larry Ellison, founder of database company Oracle and second-larget shareholder in Tesla. Musk is ahead of the owners of Germany’s BMW and China’s Geely brands. Bloomberg says of Musk’s total wealth of US$23bn.
Mediclinic shares were the top performers in Johannesburg on Thursday. This was the second day running that the company’s shares have powered upwards on the back of a report that its finances are better than expected.
The Zimbabwe government has launched the country's first legal cannabis farm in the Harare Central Prison, but it insists that prisoners won't get a whiff.
The corporate side of corruption in Africa has been laid bare in a sensational court case involving bankers from a leading global bank. Former Credit Suisse Group AG banker Andrew Pearse told a jury in Brooklyn, New York, that he pocketed at least $45m in illicit payments for his role in the arrangement of loans worth $2bn to companies in Mozambique, says Bloomberg.
Prime Minister Boris Johnson’s Brexit deal with the European Union was barely agreed before it ran into trouble at home, as his Irish allies in parliament said they could not support it, reports Bloomberg.
South Africa-born tech entrepreneur Elon Musk has been named among the world’s richest people in the car industry. Musk is number 3 on the list of automotive wealth after Bill Gates, who is best known for heading Microsoft but also has a car dealership called AutoNation Inc, and Larry Ellison, founder of database company Oracle and second-larget shareholder in Tesla. Musk is ahead of the owners of Germany’s BMW and China’s Geely brands. Bloomberg says of Musk’s total wealth of US$23bn.
Mediclinic shares were the top performers in Johannesburg on Thursday. This was the second day running that the company’s shares have powered upwards on the back of a report that its finances are better than expected.
