Top 5 on Fin24: #GuptaLeaks: What SAP really knew, is load shedding over for now? and China, Europe warn trade war could trigger global recession

Cape Town - A roundup of Monday's top economic and finance reads on Fin24.

WATCH: Is load shedding over for now?

On Thursday June 14 Eskom told South Africans it was going to again start load shedding for the first time in years.

But are the power cuts over for now?

• READ: WATCH: Is load shedding over for now?

What SAP really knew when it paid the Guptas a R100m commission

Newly-leaked documents show that the global software giant knew it was dealing with the Guptas more than a year before the #GuptaLeaks allegations emerged.

Despite acknowledging that its global practice of paying "business development partners" to secure deals was fraught with corruption risk, SAP continued to pay millions to Gupta companies before finally being caught out. 

• READ: What SAP really knew when it paid the Guptas a R100m commission

REVEALED: SA’s most attractive employers

Government and parastatals are among the top-ranking employers of choice for university students and young professionals, according to research.

Employer branding organisation Universum conducted research to determine the most attractive employers for South Africans in 2018, and the report was released on Monday.

• READ: REVEALED: SA’s most attractive employers

China, Europe warn trade war could trigger global recession

China and the European Union (EU) vowed to oppose trade protectionism in an apparent rebuke to the US, saying unilateral actions risked pushing the world into a recession.

Both China and the EU are coming under pressure from Trump, as the US president seeks to remake a global trading system that he sees as rigged against the world’s largest economy.

• READ: China, Europe warn trade war could trigger global recession

Record sell-off sparks warning over bond flight from SA

Foreign investors' holdings of South African bonds have dropped to the lowest level in more than a year following a record sell-off since the beginning of May, and a senior Treasury official says there could be worse to come.

Non-residents held 38.9% of government debt as of June 22, down from as high as 42.8% in March, according to Bloomberg’s calculations based on Johannesburg Stock Exchange and National Treasury data.

• READ: Record sell-off sparks warning over bond flight from SA

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