Graphic from the SARB shows how household debt has grown over 20 years. Any reduction in interest rates will have an impact. Repo rate has decreased by 50bps (0.5%) in seven months - 25bps in July 2017 and a further 25bps today. pic.twitter.com/Lew3csdmPH— Karin Richards (@Richards_Karin) March 28, 2018
2. Netcare will exit the UK after a five-year fight with its landlords didn't result in lower rental costs for its hospitals. Also, its UK lenders are forcing it out.
3. Old Mutual will not sell its Murray & Roberts shares to Aton, the German conglomerate who is staging a hostile takeover of the SA engineering group.
4. Parliament was updated on the Steinhoff investigation yesterday. MPs want bonuses for Steinhoff execs to be put on hold and they criticised the Financial Services Board's progress report on its Steinhoff investigation. They also decided to subpoena former Steinhoff CEO Markus Jooste, after he declined an invitation to appear before them.
5. Sanlam raised R5.7 billion by issuing new shares. The money will be used to take control of Saham, the largest insurer in Africa outside of South Africa.
It's cheaper; it comes in more colours; it's less fragile and more resistant to smudges; you don't need extra charging accessories; its rear camera is similar - and its front-facing camera is almost identical to the newer models; and it offers the same iOS experience. Read the full report.