EDITOR’S LUNCHBOX: What will the rand do? Your guess is as good as any expert’s
VBS’s auditors in line for more shocks, and President Cyril Ramaphosa’s office says he is not trying to debark the spy watchdog
Stories of note
Bytes from the digital world
President Cyril Ramaphosa is opposing Inspector-General of intelligence Setlhomamaru Dintwe’s push for greater independence "because the President believes this is not a matter that should be decided by the courts".
In my opinion
Matters of debate
It is impossible to forecast the value of the dollar or rand with any degree of conviction. Accurate forecasts are simply lucky ones, writes Investec Wealth & Investment chief economist and strategist Brian Kantor.
Whispers from inside the wreckage of VBS Mutual Bank suggest the bank’s rapid disintegration is far dirtier than anyone could have suspected, writes Rob Rose.
The long and the short of the markets
Rain, a new telecoms company backed by prominent businessmen Patrice Motsepe, Paul Harris and Michael Jordaan, has been surprised "slightly on the positive side" by the number of customers attracted in its first two weeks since opening.
Given the corporate malfeasance of recent months — and the clouds surrounding Brait’s 35% shareholder Christo Wiese — you would think the company would have the good sense to give as much detail as possible.
Oh, very twitty
The lighter side of the web
Directors of Dis-Chem hedging their exposure to their own shares. Not a good sign for this highly priced market darling,— Piet Viljoen (@pietviljoen) June 20, 2018
Graph of the day
Taste’s future hinges on whether its inexperienced CEO can convince the world’s second-most valuable food brand, Starbucks, to stick with the once-promising fast-food firm, its exclusive franchise partner in SA. That goes for Domino’s too.