DA fights fresh taxpayer SAA bailout; Rand world's most undervalued currency; China rebounds; Foschini rights offer
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In today's news headlines:
* The Democratic Alliance has served Finance Minister Tito Mboweni with legal notice of its intention to challenge another taxpayer-funded bailout of SAA.
* South Africa is one of the world’s most undervalued currencies. That’s according to the Big Mac Index, produced by The Economist, which has the rand at the bottom of its league table of poorly performing currencies.
* China has become the first major economy to return to growth since the coronavirus started sweeping across the world earlier this year, says BizNews partner Wall Street Journal.
* The owner of the Foschini and @home chains said in a statement it would offer 40 new shares for every 100 ordinary shares held at an issue price of R41.90, reports Reuters.
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* The Democratic Alliance has served Finance Minister Tito Mboweni with legal notice of its intention to challenge another taxpayer-funded bailout of SAA.
* South Africa is one of the world’s most undervalued currencies. That’s according to the Big Mac Index, produced by The Economist, which has the rand at the bottom of its league table of poorly performing currencies.
* China has become the first major economy to return to growth since the coronavirus started sweeping across the world earlier this year, says BizNews partner Wall Street Journal.
* The owner of the Foschini and @home chains said in a statement it would offer 40 new shares for every 100 ordinary shares held at an issue price of R41.90, reports Reuters.
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