Investors don't like new Eskom CEO; SAA scabs; DA will help Cyril - Steenhuisen; Zim inflation 440%; Investec AM rebrands
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Yields on Eskom’s 2021 dollar bonds jumped the most in more than three months after the appointment of Andre de Ruyter as chief executive officer, showing that bond investors aren’t showing much faith in the utility’s new boss, reports Bloomberg.
Many SAA workers have ignored the call by unions to go on strike to demand higher wages, says Reuters. A few hundred South African Airways employees have returned to work despite a strike, allowing the airline to resume some regional flights, acting Chief Executive Zuks Ramasia is quoted as saying on Tuesday.
The newly elected leader of the opposition Democratic Alliance has promised to work with ANC president Cyril Ramaphosa to help fix South Africa. “The enemies of growth don’t sit across from him, they sit behind him in Parliament,” John Steenhuisen told journalists.
It’s the end of an era for Investec Asset Management. It has announced a change of name and brand identity following its demerger from the Investec Group.
Zimbabwe’s central bank halved its key interest rate to 35%, joining the finance ministry in efforts to revive an economy hobbled by years of mismanagement. While the country stopped releasing annual figures in August, the rate is 440%, according to John Robertson, an independent economist in Harare.
Many SAA workers have ignored the call by unions to go on strike to demand higher wages, says Reuters. A few hundred South African Airways employees have returned to work despite a strike, allowing the airline to resume some regional flights, acting Chief Executive Zuks Ramasia is quoted as saying on Tuesday.
The newly elected leader of the opposition Democratic Alliance has promised to work with ANC president Cyril Ramaphosa to help fix South Africa. “The enemies of growth don’t sit across from him, they sit behind him in Parliament,” John Steenhuisen told journalists.
It’s the end of an era for Investec Asset Management. It has announced a change of name and brand identity following its demerger from the Investec Group.
Zimbabwe’s central bank halved its key interest rate to 35%, joining the finance ministry in efforts to revive an economy hobbled by years of mismanagement. While the country stopped releasing annual figures in August, the rate is 440%, according to John Robertson, an independent economist in Harare.
