Blackouts hit SA business forecasts; new Absa CEO; Iran-US market reactions
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In today's headlines:
* South African business forecasts for 2020 have been knocked by debilitating power cuts, as new Eskom boss starts work on cleaning up the utility;
* Absa has a new CEO. It has head-hunted Daniel Mminele, a SA Reserve Bank heavyweight;
* A severe drought is threatening South Africa’s wildlife industry, with game farmers keeping fewer animals and tourist numbers to game lodges down by about one-fifth;
* US stocks were mixed as investors assessed the potential economic impact of rising tensions in the Middle East. Treasuries and the dollar declined;
* The Rand has been remarkably resilient to Iran-US tensions.
* South African business forecasts for 2020 have been knocked by debilitating power cuts, as new Eskom boss starts work on cleaning up the utility;
* Absa has a new CEO. It has head-hunted Daniel Mminele, a SA Reserve Bank heavyweight;
* A severe drought is threatening South Africa’s wildlife industry, with game farmers keeping fewer animals and tourist numbers to game lodges down by about one-fifth;
* US stocks were mixed as investors assessed the potential economic impact of rising tensions in the Middle East. Treasuries and the dollar declined;
* The Rand has been remarkably resilient to Iran-US tensions.
