1. This will be a key week for South Africa. Moody’s – the only credit rating agency that has not downgraded us to junk status – will announce its decision on Friday. If it decides to cut South Africa's rating, we will lose our place in the world’s most important government bond index. Global bond investors are then expected to sell some R100 billion in SA bonds. This will push up the cost of repaying SA debt, bad news for all South Africans.
Still, economists expect that flickers of growth and good cheer will dissuade Moody’s from taking the knife. SA inflation numbers and a US rate hike are also expected this week. 

2. Despite large losses in its share price and no good news about its corporate governance, Steinhoff remains a key holding in some SA unit trusts.

3. Shoprite's recalled viennas from its inhouse brand Farmer’s Deli due to listeria concerns, adding to the long list of banned products. Its share price declined by half a percent to R252,50 on Friday.

4. Nedbank's CEO has given more details about its managed separation from Old Mutual.

5. Murray and Roberts rallied almost 6% after announcing that it scored contracts for R3.8 billion in new underground mining projects in North America and Australasia. 

1 deleted tweet 

On Saturday morning,  Sygnia CEO Magda Wierzycka tweeted this:

It immediately sparked outrage:




After a heavy tweetstorm, she deleted her tweet:

And tried to send the debate in a new direction:


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