Flash Briefing: 75% of 'born frees' unemployed; FirstRand profits rise as SA recovers; short-sellers hit Anglo
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* 75% of youth in South Africa are unemployed, reports The Times of London.
* FirstRand sees profit rising more than expected, and by at least 35%, after the South African economy rebounded strongly from the early stages of the coronavirus pandemic.
* Anglo American South African coal mines, which will be listed in a new vehicle this week, are worthless given the scale of environmental clean-up costs, according to a research report from short-seller Boatman Capital.
* The rand’s value was helped as offshore investors bought South African stocks and bonds.
* El Salvador may become the first country to make bitcoin legal tender, President Nayid Bukele has announced.
* Former finance minister Trevor Manuel, in an interview with the IMF, says the decade under Jacob Zuma wasn’t just ‘lost as though everything was static...the country regressed'. Learn more about your ad choices. Visit megaphone.fm/adchoices
* FirstRand sees profit rising more than expected, and by at least 35%, after the South African economy rebounded strongly from the early stages of the coronavirus pandemic.
* Anglo American South African coal mines, which will be listed in a new vehicle this week, are worthless given the scale of environmental clean-up costs, according to a research report from short-seller Boatman Capital.
* The rand’s value was helped as offshore investors bought South African stocks and bonds.
* El Salvador may become the first country to make bitcoin legal tender, President Nayid Bukele has announced.
* Former finance minister Trevor Manuel, in an interview with the IMF, says the decade under Jacob Zuma wasn’t just ‘lost as though everything was static...the country regressed'. Learn more about your ad choices. Visit megaphone.fm/adchoices
