Xenophobia crackdown - 600 arrests; Moyo-Manuel battle continues; MTN R5m WhatsApp fine; How Trump's Tweets move markets
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South African authorities are cracking down on the perpetrators of a series of xenophobic attacks that left at least 12 people dead, Police Minister Bheki Cele said. The police have arrested 639 people so far.
Old Mutual has once again blocked its CEO Peter Moyo from returning to work. Old Mutual’s share price has suffered in the boardroom battle between Moyo and former finance minister Trevor Manuel. The stock has fallen more than 11% since the CEO was first suspended, compared with a 4% decline in the five-member FTSE/JSE Africa Life Assurance Index.
MTN has been fined R5m for increasing the price of WhatsApp bundles without giving sufficient notice to the regulatory authority.
The dominance of Naspers over the South African stock market is about to be reduced - partially at least, says Bloomberg. And that’s good news for a number of fund managers concerned about the tech giant’s weighting in the main local index.
JPMorgan’s 'Volfefe Index,' named after Trump’s mysterious covfefe tweet from May 2017, suggests that the president’s electronic musings are having a statistically significant impact on Treasury yields.
Old Mutual has once again blocked its CEO Peter Moyo from returning to work. Old Mutual’s share price has suffered in the boardroom battle between Moyo and former finance minister Trevor Manuel. The stock has fallen more than 11% since the CEO was first suspended, compared with a 4% decline in the five-member FTSE/JSE Africa Life Assurance Index.
MTN has been fined R5m for increasing the price of WhatsApp bundles without giving sufficient notice to the regulatory authority.
The dominance of Naspers over the South African stock market is about to be reduced - partially at least, says Bloomberg. And that’s good news for a number of fund managers concerned about the tech giant’s weighting in the main local index.
JPMorgan’s 'Volfefe Index,' named after Trump’s mysterious covfefe tweet from May 2017, suggests that the president’s electronic musings are having a statistically significant impact on Treasury yields.
