South African stocks touched their highest levels since January, eurobonds rose and the rand surged by the most this year after publication of an opinion poll was seen boosting the odds of a market-friendly coalition emerging from national elections next month.
An Electoral Court majority has found that former president Jacob Zuma qualifies for appointment to the National Assembly because the 15-month prison term he received from the Constitutional Court for contempt could not be appealed, therefore it did not qualify as a “sentence”.
Elliott Investment Management has built a roughly $1 billion stake in Anglo American Plc while betting against the stock of BHP Group Ltd., the Australian miner that’s made an unsolicited takeover approach to Anglo American.
As we ponder 30 years of democracy this weekend, we will do so with mixed feelings. Freedom’s dividends have been a mixture of strange and bitter fruits, yet marked with moments of success and even joy. South Africa at 30 is a noisy place to live and be. At present, we are caught in a pre-election whirlwind. We are scarred, disappointed and jaded. A decade of State Capture will do that.
Robert Milkins throws his cue to the ground in disgust after missing a red during his World Snooker Championship first-round match against David Gilbert.