Xenophobia storm hits MTN, Shoprite, Pepkor, Pick n Pay; Nigeria recalls SA envoy; Ramaphosa Tweets for calm
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Mobile-phone giant MTN and grocer Shoprite are among South African firms facing a backlash to xenophobic violence in their home country.
Nigeria has recalled the High Commissioner to South Africa and is boycotting the World Economic Forum in protest against attacks on its citizens living in the country.
Hundreds of demonstrators protesting South Africa’s high rate of violence against women blocked the entrance to the World Economic Forum on Africa in Cape Town.
President Cyril Ramaphosa has, in more than a dozen Tweets, implored citizens to help battle the scourge of violence and femicide as anti-crime protests build.
A surprise rebound in economic growth in the second quarter means South Africa’s economy is on track to grow this year, central bank Governor Lesetja Kganyago said.
The Discovery share price lost about half-a-percent following the release of financial reports. Goldfields, Anglogold and Amplats led the big losers of the day down, with their share prices losing between 5 and 6% by the end of the day. Big movers up on the day included: Assore, moving up about 6% and Naspers about 2.5%.
Nigeria has recalled the High Commissioner to South Africa and is boycotting the World Economic Forum in protest against attacks on its citizens living in the country.
Hundreds of demonstrators protesting South Africa’s high rate of violence against women blocked the entrance to the World Economic Forum on Africa in Cape Town.
President Cyril Ramaphosa has, in more than a dozen Tweets, implored citizens to help battle the scourge of violence and femicide as anti-crime protests build.
A surprise rebound in economic growth in the second quarter means South Africa’s economy is on track to grow this year, central bank Governor Lesetja Kganyago said.
The Discovery share price lost about half-a-percent following the release of financial reports. Goldfields, Anglogold and Amplats led the big losers of the day down, with their share prices losing between 5 and 6% by the end of the day. Big movers up on the day included: Assore, moving up about 6% and Naspers about 2.5%.
