US blacklists Guptas; Power stations not for sale; Factory output shrinks; Cell C asset sale; Pathway to Brexit deal
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In today's business headlines:
The US Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Ajay, Atul and Rajesh Gupta as well as Salim Essa for their involvement in corruption in South Africa.
President Cyril Ramaphosa has poured cold water on proposals by Finance Minister Tito Mboweni that Eskom would sell some of its power plants to help settle its debt.
South African factory output has shrunk for a third straight month in August. Manufacturing production declined by 1.8% from a year earlier compared with a revised 0.7% drop in July.
Cel C has put core parts of its business up for sale as it struggles with R9bn of debt and deepening losses; and
British Prime Minister Boris Johnson and his Irish counterpart, Leo Varadkar say they see “a pathway to a Brexit deal”.
The US Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Ajay, Atul and Rajesh Gupta as well as Salim Essa for their involvement in corruption in South Africa.
President Cyril Ramaphosa has poured cold water on proposals by Finance Minister Tito Mboweni that Eskom would sell some of its power plants to help settle its debt.
South African factory output has shrunk for a third straight month in August. Manufacturing production declined by 1.8% from a year earlier compared with a revised 0.7% drop in July.
Cel C has put core parts of its business up for sale as it struggles with R9bn of debt and deepening losses; and
British Prime Minister Boris Johnson and his Irish counterpart, Leo Varadkar say they see “a pathway to a Brexit deal”.
