Steinhoff dumps Deloitte; IDC wants R157m from Moyo; HK protests escalate; Trump raises China tariffs

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The business ethics of Old Mutual’s former CEO Peter Moyo are back in the spotlight after a dynamite disclosure that the iDC wrote off a R157m loan to his private company shortly before it paid Moyo and other directors fat dividends. 
Violence flared up in Hong Kong over the weekend after tens of thousands of pro-democracy protestors occupied major roads through processions that stretched for miles in the 13th weekend of demonstrations.
US President Donald Trump yesterday upped the ante in his trade war against China by slapping a 15% tariff on another $111bn worth of Chinese imports. 
At its AGM in Amsterdam on Friday, Steinhoff dumped its long-time auditors Deloitte, replacing the firm with the much smaller firm Mazars. 
1 Sep 2019 10AM English South Africa Investing · Business News

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