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TOP 7 of FIN24: From Bitcoin and Piketty to Angry Birds

Aug 14 2017 20:10
Angry Birds

1. Bitcoin boom starts the week

Bitcoin soared past $4 000 for the first time on growing optimism faster transaction times will hasten the spread of the cryptocurrency.

2. Head in the sand: Eskom fails in a land of cheap energy

Renewables pose a threat to coal and nuclear, because wind and solar are undeniably cheaper forms of energy, argues Dom Wills.

3. What Piketty found out about Russia's plunder

Thomas Piketty has shown that Russia has been plundered by an oligarchy that has achieved an extraordinary wealth concentration, Bloomberg columnist Leonid Bershidsky explains...

4. Imperial to shelve sale of R2bn chemicals unit - Bloomberg sources

Imperial Holdings has shelved the sale of a German agro-chemical-ingredient business after potential buyers didn’t meet the South African company’s R2bn valuation, according to two people with knowledge of the matter.

5. How Rob Davies helped Zwane craft Mining Charter

The transformation requirements set out in the revised Mining Charter – among which requires mines to up their black ownership levels to 30% - was done in consultation with Trade and Industry Minister Rob Davies.

6. Global market recovery lifts JSE

The JSE climbed on Monday, following a broad recovery in world markets as geopolitical tensions between North Korea and the United States subsided. The Rand firmed 0.97% to R13.23. The blue-chip Top 40 gained 0.70%, while the broader All Share Index moved 0.56% higher. The market was led by industrials gaining 0.82%, as Naspers rallied 2.91%. The move in Naspers was driven by a 4.31% rally in the price of Hong Kong-based Tencent.

7. Angry Birds maker said to plan IPO at $2bn value

Rovio Entertainment is planning an initial public offering as early as next month that could value the maker of the Angry Birds mobile games and movie at about $2bn, said people familiar with the matter.

... and what to expect tomorrow?

Court to rule on SA Reserve Bank mandate tomorrow

The North Gauteng High Court in Gauteng will rule on Tuesday whether the Public Protector should set aside an instruction that Parliament change the Constitution to amend the inflation-targeting mandate of the SA Reserve Bank.

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