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Gordhan tables bill to create holding company for SOEs
Minister of Public Enterprises tabled the bill in Parliament that will create a holding company for strategic State-Owned Entities.
Financial Services Tribunal finds Steinhoff’s former CEO liable for R20m imposed for insider trading
Jooste approached the tribunal for recourse, arguing that the R20m fine was incorrectly calculated. He will also have to pay interest on the R20m penalty.
Shoprite CEO Pieter Engelbrecht sells R20m in the company’s shares
Shoprite CEO Pieter Engelbrecht sold R20 million in the company’s shares in the week before Christmas. The share prices of Pick n Pay and Woolworths also saw gains this year. In South Africa, it reported that it continued to win market share from its competitors – extending the period of uninterrupted market share gains to 43 months.
Kanye West loses billionaire status after Adidas and other brands break ties
The consequences of repeated, brazen antisemitic attacks over the past few weeks have unravelled the empire of Ye, the musician and fashion designer better known as Kanye West, and tarnished his goodwill with financial institutions and celebrity footholds.
Virtual bartering platforms are a superior means of trading
Through internet trading platforms dealers have benefited from markets previously only available to large institutions.