ANC shock over Watson death; Bell Pottinger man dies; SA tax revolt risk; Northam profit soars; Naspers’ Prosus worth $100bn
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The ANC has expressed shock at the death of corruption-accused Bosasa CEO Gavin Watson, who died in a car accident near OR Tambo International Airport on Monday. A case of culpable homicide has been opened by the police, reports News24.
Lord Tim Bell, the spin doctor linked to the Gupta family’s white monopoly capital smear campaign against white South African business players, has died. Bell founded Bell Pottinger, a global public relations firm brought down by angry South Africans as the state capture scandal exploded.
On the JSE, Northam's share price shot up about 10% on Monday on the back of its financial results released on Friday. The platinum producer announced record operating profit of R2.4bn and headline earnings per share up more than 200%.
There is the risk of a tax revolt, new South African Revenue Service Commissioner Edward Kieswetter warned on Monday. Kieswetter, hired in March, told a tax conference in Johannesburg that falling trust in the collector by individuals and companies had led to rising levels of tax avoidance and fraud, bleeding billions from government, reports Reuters.
Naspers has said a newly created entity containing assets including a stake in Chinese internet giant Tencent will be valued at about $100bn. A value of $100bn would make only Royal Dutch Shell and consumer-goods giant Unilever bigger in Amsterdam by market capitalisation, reports Bloomberg.
Lord Tim Bell, the spin doctor linked to the Gupta family’s white monopoly capital smear campaign against white South African business players, has died. Bell founded Bell Pottinger, a global public relations firm brought down by angry South Africans as the state capture scandal exploded.
On the JSE, Northam's share price shot up about 10% on Monday on the back of its financial results released on Friday. The platinum producer announced record operating profit of R2.4bn and headline earnings per share up more than 200%.
There is the risk of a tax revolt, new South African Revenue Service Commissioner Edward Kieswetter warned on Monday. Kieswetter, hired in March, told a tax conference in Johannesburg that falling trust in the collector by individuals and companies had led to rising levels of tax avoidance and fraud, bleeding billions from government, reports Reuters.
Naspers has said a newly created entity containing assets including a stake in Chinese internet giant Tencent will be valued at about $100bn. A value of $100bn would make only Royal Dutch Shell and consumer-goods giant Unilever bigger in Amsterdam by market capitalisation, reports Bloomberg.
