1. Two decades ago, the rand crashed following the news that Tito Mboweni would lead SA's central bank. A bit of a different story this time round: the currency rallied following his appointment. After touching R15.04/$ during the course of yesterday, it was trading at R14.51 this morning.

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2. Last night Home Affairs Minister Malusi Gigaba told a parliamentary committee that he had a strictly professional relationship with the Gupta family. The committee is conducting an inquiry into some Gupta family members' early naturalisation. Gigaba met with the Gupta family and went to the infamous Gupta wedding in Sun City.

The committee also heard that his chief of staff asked an official to assist a Gupta associate with visa applications.

3. Christo Wiese's terrible, horrible, no good, very bad year just got a little bit worse: the JSE has launched a new probe into Invicta, which triggered a slide in its share price. Wiese has a 37.5% stake in the industrial holding company. In 2016, the JSE reprimanded Invicta after two of its execs did share deals without the necessary shareholder approvals. Now, it's reopening the case following new information, Business Day reports

4. The Independent Regulatory Board of Auditors (IRBA) has asked for more money from Treasury. Currently it can only afford to pay five investigators, who need to cover all of its high-profile investigations into Steinhoff’s auditors Deloitte, African Bank, VBS Bank and Gupta-linked Nkonki.

5. The Chinese tech giant Tencent's share price was down another 0.8% this morning - continuing a record-breaking losing streak.

JSE-listed Naspers, which owns 31% of Tencent, fell more than 1.5% yesterday.

 

The best reactions to Mboweni's appointment 

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