Oil shock could kill rate cut; Trevor Manuel eats humble pie; Prosus opinion divided; Trump tax disclosure

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The assault on Saudi Arabian oil facilities is already taking its toll on South Africa’s rand, and may put paid to any hopes of an interest-rate cut on Thursday, reports Bloomberg.

The chairman of South African insurer Old Mutual, Trevor Manuel, on Tuesday apologised for comments he made last week in reference to the judge presiding over its court battle with fired chief executive Peter Moyo.

Prosus NV, which listed in Amsterdam just last week, is splitting opinion among the first investment banks to cover the stock.

South Africa’s airports operator posted its eighth consecutive annual profit, setting it apart from other key state-owned companies in the country that need government bailouts to keep running.

Donald Trump faces a new battle over the release of his tax returns after New York prosecutors issued a subpoena for them. Learn more about your ad choices. Visit megaphone.fm/adchoices
17 Sep 2019 12PM English South Africa Investing · Business News

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