The new Discovery head office in Sandton. Picture: Masi Losi
The new Discovery head office in Sandton. Picture: Masi Losi

Stories of note

Bytes from the digital world

Former president Jacob Zuma attempted to inflate the price PetroSA would pay Malaysian state-owned enterprise Petronas for its 80% stake in Engen by about R6bn, former finance minister Pravin Gordhan said in an affidavit.

In my opinion

Matters of debate

Considering the court trial of Tigon fraudster Gary Porritt has dragged on for 16 years, a quick conviction of Markus Jooste and other former Steinhoff executives is unlikely, warns Rob Rose.

Beneficiaries of former president Jacob Zuma's reciprocity are fighting back with the desperation of cornered men.

Finding alpha

The long and the short of the markets

Discovery proposes to pitch its new bank at the "mass affluent segment" whereas Bank Zero will target business, and TymeBank unbanked and underserved clients.

Standard Bank is restructuring to create new capabilities, which should result in more than 180 "new-generation" IT positions in areas of cloud engineering, data science and analytics and cyber security, among others.

Oh, very twitty

The lighter side of the web

Very visual

Graph of the day

Edcon's downward slide started in May 2007, after US private equity company Bain Capital paid R25bn to buy it and delist it from the JSE, swamping the retailer’s balance sheet in R17.3bn of debt.