Flash Briefing: Massmart earnings nose-dive; Steinhoff investors queue to sue; Brait, Mabuza
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In today's news headlines:
Massmart announced on Thursday that it had hired an American heavy hitter, Mitch Slape, as CEO.
Brait’s share price hit a 7-year-low on news that the net value of its assets has fallen sharply.
There was another development in President Cyril Ramaphosa’s strategy to root out corruption in government yesterday when Deputy President David Mabuza asked to delay his swearing in.
Steinhoff faces a mass investor lawsuit in Germany.
The rand closed at R14.47 to the US dollar on Thursday.
The SA Reserve Bank also announced earlier that interest rates would remain unchanged at 6.75%.
Massmart announced on Thursday that it had hired an American heavy hitter, Mitch Slape, as CEO.
Brait’s share price hit a 7-year-low on news that the net value of its assets has fallen sharply.
There was another development in President Cyril Ramaphosa’s strategy to root out corruption in government yesterday when Deputy President David Mabuza asked to delay his swearing in.
Steinhoff faces a mass investor lawsuit in Germany.
The rand closed at R14.47 to the US dollar on Thursday.
The SA Reserve Bank also announced earlier that interest rates would remain unchanged at 6.75%.
