Brazil's new president, Jair Bolsonaro. Picture: REUTERS/PILAR OLIVARES
Brazil's new president, Jair Bolsonaro. Picture: REUTERS/PILAR OLIVARES

Stories of Note

Bytes from the digital world

By digging through the Panama Papers, among other sources, a joint investigation by the Financial Mail and amaBhungane uncovered some of the details of how Steinhoff’s top brass moved money raised on stock exchanges into their own pockets.

Shoprite shareholders attending the AGM were told the grocery chain’s chair Christo Wiese was absent because he had to give priority to another meeting.

In My Opinion

Matters of debate

Brazilian book readers picked up How Democracies Die to understand Jair Bolsonaro’s election much as US intellectuals dusted off Sinclair Lewis’s 1935 novel It Can’t Happen Here to understand the mass appeal of Donald Trump, writes Tony Leon.

Sex scandals, corruption allegations, threats of lawsuits, warring mistresses — home affairs minister Malusi Gigaba ticks all the boxes voters seek in presidents these days, Justice Malala reckons.

Finding Alpha

The long and the short of the markets

“Due to local competition, the JSE has already made adjustments. In July, it cut transaction fees, with an anticipated annual saving to the industry of about R50m,” says A2X CEO Kevin Brady.

Woolworths has decided to rebrand its Australian David Jones department store clothes as Woolworths Classic Collection.

Oh, Very Twitty

The lighter side of the web

The SABC’s wage bill was R3.1bn, and its total expenditure R3.5bn its 2018 financial year. It is looking at cutting 981 of its 3,376 permanent employees and 1,200 of the 2,400 freelancers.

Very Visual

Graph of the day

Patrice Motsepe’s African Rainbow Capital is set to launch SA’s second black-managed life insurance company following an empowerment deal struck with Sanlam on Wednesday.