Flash Briefing: KPMG throws in towel on consulting for JSE firms; Rand strength; Bitcoin could hit $80k - ARK
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* KPMG South Africa, at the centre of the state capture scandal that shattered the SA economy in the Jacob Zuma era, will become the nation’s first major auditor to stop offering consulting services to listed clients.
* The South African currency has gained 5% against the dollar this month, the most out of more than 140 currencies tracked by Bloomberg.
* Analysts at fund manager ARK, one of the US’s hottest fund providers, say that Microstrategy, Square and Tesla are showing public companies the way to add Bitcoin as a legitimate alternative to cash on their balance sheets.
* Steinhoff’s share price gained about 20% on news that former auditor Deloitte has agreed to pay $85 million to certain claimants as part of the retailer’s proposed $1 billion global lawsuit settlement plan.
* Shoprite expects higher profits for the second six months of 2020. Learn more about your ad choices. Visit megaphone.fm/adchoices
* The South African currency has gained 5% against the dollar this month, the most out of more than 140 currencies tracked by Bloomberg.
* Analysts at fund manager ARK, one of the US’s hottest fund providers, say that Microstrategy, Square and Tesla are showing public companies the way to add Bitcoin as a legitimate alternative to cash on their balance sheets.
* Steinhoff’s share price gained about 20% on news that former auditor Deloitte has agreed to pay $85 million to certain claimants as part of the retailer’s proposed $1 billion global lawsuit settlement plan.
* Shoprite expects higher profits for the second six months of 2020. Learn more about your ad choices. Visit megaphone.fm/adchoices
