BIZNEWS

BIZNEWS

– The Rational Alternative –

Biznews is a remote company with home offices in South Africa and the United Kingdom.

Zuma pulls the plug on Zondo testimony

Former South African President Jacob Zuma declined to provide further testimony to a judicial panel that’s investigating whether he consented to and benefited from widespread looting during his nine-year rule.

PepsiCo in $1.7bn acquisition of Pioneers Foods; owner of Sasko, Ceres and Weet-Bix

PepsiCo has entered into an agreement to acquire all the outstanding shares of Pioneer Foods for R110 per share in cash (approximately $1.7bn).

A sound decision from a truly independent SARB governor

Lesetja Kganyago has had a tough time of it. With the economy tanking, some have been calling for a political takeover of the SA Reserve Bank (SARB).

Repo rate cut; rand rallies; Richemont rides online wave; property market optimism; Eskom Bigwig wanted

The South African Reserve Bank has cut its benchmark interest rate for the first time since March 2018 as it almost halved its economic growth forecast for the year.

Ramaphosa: In defence of Gordhan – “a person of commitment and integrity”

South African President Cyril Ramaphosa came to the defence of his Public Enterprises minister Pravin Gordhan in Parliament today.

Winde: Soldiers are policing the Western Cape because SAPS is a mess

Western Cape Premier Alan Winde has defended a decision to enlist the military to police gang-infested areas.

Investors climb into ETFs, reject old-fashioned asset managers – The Wall Street Journal

It's not only South African savers who have warmed to ETFs; the global trend is towards investors rejecting old-fashioned money managers in favour of passive investments.

Right of reply: High court judgment shows Unilever whistleblower no angel

There are two sides to every story - and then there's the truth. Juan Lerena, whistleblower in the Competition Commission's collusion case against Unilever and Sime Darby.

WORLDVIEW: The biggest money mistake we all keep making

We all make plenty of mistakes when it comes to our money. But there’s one simple mistake that - in my opinion at least - is the worst of the bunch.

When circulations rise, along with blood pressure – Ed Herbst

This entertaining piece with its literary nuggets and truths about quaint, die-hard habits is worth reading for more than mere enjoyment.

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