Publications
Partners
Cape Town - A roundup of Thursday's top economic and finance reads on Fin24.
Fuel prices could jump to record highs in June - AA
The Automobile Association (AA) said on Thursday that it expects fuel prices will jump to record highs in June.
Petrol is expected to rise by up to 85 cents a litre, diesel by 87c and illuminating paraffin by 82c.
This is because of stronger international oil prices and a large deficit carried over from April.
Exodus continues as Finbond dumps KPMG
Finbond has become the latest local company to part ways with auditor KPMG SA.
In a shareholder announcement on Thursday, the mutual bank [JSE:FGL] said its board of directors has resolved that it can “no longer justify nor support Finbond’s further association with KPMG”.
Trump's net worth drops to $2.8bn on property knock
US President Donald Trump’s net worth slipped to $2.8bn, a decline of $100m over the past year, as revenue at his namesake Fifth Avenue tower and golf courses fell.
The drop, the second in two years, is based on figures compiled by the Bloomberg Billionaires Index from lenders, property records, annual reports, market data and a May 16 financial disclosure.
PIC CEO Dan Matjila said to face suspension
Daniel Matjila, the chief executive officer of the Public Investment Corporation, will probably be suspended while his role in several questionable investments by Africa’s biggest money manager is investigated, according to three people with knowledge of the matter.
Carrim calls on FIC, Hawks, SARS and NPA to stem tax losses for SA
South Africa is failing to tackle illicit financial flows (IFFs) and losing billions in potential tax revenue in the process, said Yunus Carrim, chair of the standing committee on finance in Parliament.
Carrim in an emailed response said that different bodies need to work together to come up with a collective strategy and programme with timelines to tackle IFFs.
* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER
