Brait shake-up; Repo rate unchanged; Richemont recovers; Trillian million trail; 700 react to Tito’s plan
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In today's business headlines:
South African businessman Christo Wiese is part of a shareholder group that is proposing that the investment company Brait raise R3bn in a share sale and dispose of all assets except gym-chain Virgin Active;
The Reserve Bank kept its benchmark interest rate unchanged and may only continue its easing when uncertainties about government finances and the nation’s credit ratings have been cleared up;
Light has been shed by the Organised Crime and Corruption Reporting Project on where the money went that Trillian, the Gupta linked advisory earned from state contracts;
Richemont recoups some of yesterday's losses; and
The government would announce its strategy to turn around ailing Eskom after it had finalised a master plan to revive the economy.
South African businessman Christo Wiese is part of a shareholder group that is proposing that the investment company Brait raise R3bn in a share sale and dispose of all assets except gym-chain Virgin Active;
The Reserve Bank kept its benchmark interest rate unchanged and may only continue its easing when uncertainties about government finances and the nation’s credit ratings have been cleared up;
Light has been shed by the Organised Crime and Corruption Reporting Project on where the money went that Trillian, the Gupta linked advisory earned from state contracts;
Richemont recoups some of yesterday's losses; and
The government would announce its strategy to turn around ailing Eskom after it had finalised a master plan to revive the economy.
