Molefe must pay; Eskom wants debt transfer; Business confidence drops; Glencore stutters, gold glitters
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In today's business headlines:
Former Eskom CEO Brian Molefe has lost his Constitutional Court case over his R30 million pension.
Eskom wants the majority of its R440bn of debt transferred to the South African government.
Moody’s says Eskom urgently needs to action a turnaround plan, or it will collapse under mounting debt.
South African business confidence fell in July.
Glencore is closing a copper and cobalt mine due to drop in cobalt prices.
and the Rand drops but gold glistens.
Former Eskom CEO Brian Molefe has lost his Constitutional Court case over his R30 million pension.
Eskom wants the majority of its R440bn of debt transferred to the South African government.
Moody’s says Eskom urgently needs to action a turnaround plan, or it will collapse under mounting debt.
South African business confidence fell in July.
Glencore is closing a copper and cobalt mine due to drop in cobalt prices.
and the Rand drops but gold glistens.
