Business
In today's business headlines: Eskom has posted a surprising R1.3 billion rand profit in the six months through September, which is almost double that of the previous year thanks to higher tariffs. The Reserve Bank says there is a high likelihood that the South African government’s finances would deteriorate further posing a risk to the stability of the country’s financial system. President Cyril Ramaphosa withdrew from the Chairman’s Conversation, a signature annual event hosted by Power FM radio station, because of allegations the station’s owner, Given Mkhari, assaulted his wife. KPMG says it is winning back customers and no longer bleeding staff as the auditing firm tries to rebuild an image tarnished by a series of scandals. The firm secured a number of new mandates in industries such as telecommunicat Steinhoff shares surged by 25% yesterday The company announced earlier this week that it had closed the sale of Unitrans, its automative operation to CFAO, a subsidiary of Toyota.