58 murders a day; Record Steinhoff fine; 40% of borrowers default; Mining, Rand and Aspen surge; Sanlam for Rhinos; Spur click-and-collect
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In today's business headlines:
The number of murders in South Africa has climbed to the highest level in a decade as an overburdened police force struggle to keep violent crime in check;
Steinhoff has been fined a record R53m by the financial regulator for failing to properly disclose accounting problems;
South Africa’s mining output increased for the first time in nine months in July as coal and iron ore production surged while the Rand rallied and resources and Aspen Pharmacare climbed on the JSE;
South Africa’s unsecured loan boom has left 40% of borrowers in default and millions of people in a debt trap; and
Sanlam Investments is creating a new asset management company, called Amplify that will help rhinos, while Spur is entering the click-and-collect market.
The number of murders in South Africa has climbed to the highest level in a decade as an overburdened police force struggle to keep violent crime in check;
Steinhoff has been fined a record R53m by the financial regulator for failing to properly disclose accounting problems;
South Africa’s mining output increased for the first time in nine months in July as coal and iron ore production surged while the Rand rallied and resources and Aspen Pharmacare climbed on the JSE;
South Africa’s unsecured loan boom has left 40% of borrowers in default and millions of people in a debt trap; and
Sanlam Investments is creating a new asset management company, called Amplify that will help rhinos, while Spur is entering the click-and-collect market.
