From Business Insider South Africa:

Load shedding is still likely in July, Eskom says – but that’s better than having it in summer

MTN confirms it is launching a 5G network at the end of the month

The rand just dropped below R17 to the dollar – and that’s good news for the petrol price

Hackers on the dark web love South Africa - here's why we suffer 577 attacks per hour

Woolworths is using more than 1 million plastic bottles to make its puffer jackets

These companies are most at risk of financial distress, including PPC and Woolworths - report

Poke bowls, mushroom stir fry top takeaway orders as South Africans ditch unhealthier options

Fewer than half of black American workers were employed in April

Zoom CEO Eric Yuan accidentally left his mic on mute while talking to investors over Zoom

Today's headlines:

1. The rand remains below R17/$ this morning amid a strong emerging market rally across the world. Investors are betting that economies are recovering following the coronavirus-related knock. The latest US jobs data surprised on the upside, providing a boost to Wall Street – which could further fuel this week’s monster rally on the JSE. Yesterday, large property companies like Redefine and Hammerson saw their share prices jump by more than 20%.

2. Moneyweb reports that the JSE is examining trading in Capitec shares by two directors - Michiel le Roux and Chris Otto - just days before the company issued a profit warning.

3. Eskom says it may miss the deadline to split into three separate units by 2022 due to legal processes, Reuters reports.

4. Anglo American Platinum has once again temporarily shut down part of its Rustenburg processing plant, less than a month after it was brought back to service after undergoing repairs.

5. The Public Investment Corporation now owns more than 15% of Woolworths, the company confirmed this morning.


Chart of the day:

Eskom's energy availability factor (EAF) for the 2020 year to date is 64.3%, down from 65.9% for the same period in 2019, and 72.4% for the same period in 2018, reports expert Chris Yelland.

Source: Chris Yelland

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