Flash Briefing: Mabuza phobia knocks rand; Moyo fiasco shakes Old Mutual; Sibanye, Reunert
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In today's headlines:
The rand fell on speculation that graft-tainted David Mabuza could be re-appointed as deputy president.
The Sibanye share price gained about 9% on the news that Lonmin and Sibanye shareholders have approved the takeover of struggling Lonmin.
Reunert fell more than 5% as investors absorbed the details of the unaudited statements for the six months to the end of March, released on Monday.
Also down on Tuesday was Telkom, which lost some of its gains earlier in the week, and Old Mutual - which unsettled investors after it announced that it had suspended its CEO Peter Moyo in connection with business conflicts of interest.
MacKenzie Bezos, the ex-wife of Amazon boss Jeff Bezos, has promised to give half her fortune to charity. She joins billionaires such as investor Warren Buffett and Microsoft founder Bill Gates in the Giving Pledge.
The rand fell on speculation that graft-tainted David Mabuza could be re-appointed as deputy president.
The Sibanye share price gained about 9% on the news that Lonmin and Sibanye shareholders have approved the takeover of struggling Lonmin.
Reunert fell more than 5% as investors absorbed the details of the unaudited statements for the six months to the end of March, released on Monday.
Also down on Tuesday was Telkom, which lost some of its gains earlier in the week, and Old Mutual - which unsettled investors after it announced that it had suspended its CEO Peter Moyo in connection with business conflicts of interest.
MacKenzie Bezos, the ex-wife of Amazon boss Jeff Bezos, has promised to give half her fortune to charity. She joins billionaires such as investor Warren Buffett and Microsoft founder Bill Gates in the Giving Pledge.
