Jooste won't repay R850m; 1.7m protest in HK; Capitec and Sasol shares slump.
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Former Steinhoff CEO Markus Jooste, who has been accused of fraudulently inflating the company’s profit numbers over the past decade, is refusing to repay Steinhoff the R850m in salary and bonuses he received since 2009.
Pro-democracy demonstrators in Hong Kong yesterday held one of their biggest rallies as activism stretched into its 11th week, Organisers said 1.7m mostly black clad protestors attended a rally in Victoria Park, with many of them clogging traffic arteries by marching almost 4km to Hong Kong’s financial district.
The share price of South Africa’s oil-from-coal multinational Sasol dropped R43 to R235 a share shortly after the opening of trading on Friday, a loss of 16%.
South African banks say they are likely to raise the cost of credit for low income earners after the new National Credit Amendment Bill was signed into law last week.
Pro-democracy demonstrators in Hong Kong yesterday held one of their biggest rallies as activism stretched into its 11th week, Organisers said 1.7m mostly black clad protestors attended a rally in Victoria Park, with many of them clogging traffic arteries by marching almost 4km to Hong Kong’s financial district.
The share price of South Africa’s oil-from-coal multinational Sasol dropped R43 to R235 a share shortly after the opening of trading on Friday, a loss of 16%.
South African banks say they are likely to raise the cost of credit for low income earners after the new National Credit Amendment Bill was signed into law last week.
