Flash Briefing: Ace runs out of luck as CR cracks his whip; PIC weighs in on gold mines' merger; FDI up; SA bonuses up
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* ANC Secretary-General Ace Magashule has been given 30 days to step aside from his role or face suspension and disciplinary action by the party.
* Africa’s biggest fund manager and a key investor in South African gold companies said any consolidation in the sector must benefit the country as well as shareholders.
* South Africa recorded foreign direct investment (FDI) inflows of 16.0 billion rand ($1.07 billion) in the fourth quarter from outflows of 12.2 billion rand in the third, the central bank said on Tuesday.
* More than 500,000 people lost full-time jobs in 2020 in South Africa, but Xmas bonus pay was up significantly among those who kept their roles. Learn more about your ad choices. Visit megaphone.fm/adchoices
* Africa’s biggest fund manager and a key investor in South African gold companies said any consolidation in the sector must benefit the country as well as shareholders.
* South Africa recorded foreign direct investment (FDI) inflows of 16.0 billion rand ($1.07 billion) in the fourth quarter from outflows of 12.2 billion rand in the third, the central bank said on Tuesday.
* More than 500,000 people lost full-time jobs in 2020 in South Africa, but Xmas bonus pay was up significantly among those who kept their roles. Learn more about your ad choices. Visit megaphone.fm/adchoices
