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Flash Briefing: Multinationals repay money for state capture; Eskom; Phumelela; Rand

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* ABB will repay R1,56 billion to Eskom. This is the latest international company to return money after being ensnared in corruption probes in the country.
* As Eskom power cuts continue even though demand for electricity is down, the DA has slammed efforts to fix the troubled power utility - saying it can be done in five steps.
* Phumelela is to delist from the Johannesburg stock exchange.
* After a week in which the rand soared to a 10-month high, it pulled back a little on concerns that Covid-19 containment measures will become stricter. Learn more about your ad choices. Visit megaphone.fm/adchoices

13 Dec 2020 4AM English South Africa Investing · Business News

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