Flash Briefing: Jet Airways faces bankruptcy; Mzi owes millions; EOH heps plunge; Shoprite shines
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* Indian-owned Jet Airways, a discount airline which flies 600 domestic and 380 international routes, cancelled all flights over the weekend stranding thousands of passengers.
Controversial South African entrepreneur Mzi Khumalo’s gold mining company Metallon has halted production at three of its four Zimbabwean mines because of debt that exceeds $200m.
South Africa’s one-time go-go stock EOH, whose share price has lost almost two thirds of its value this year, confirmed the shareholders’ worst fears when announcing a headline earnings per share reverse from positive 319c to a negative 993c for the six months to end January.
South African stocks ended the day slightly firmer on Friday with the JSE all share index closing a third of a percent better.
Controversial South African entrepreneur Mzi Khumalo’s gold mining company Metallon has halted production at three of its four Zimbabwean mines because of debt that exceeds $200m.
South Africa’s one-time go-go stock EOH, whose share price has lost almost two thirds of its value this year, confirmed the shareholders’ worst fears when announcing a headline earnings per share reverse from positive 319c to a negative 993c for the six months to end January.
South African stocks ended the day slightly firmer on Friday with the JSE all share index closing a third of a percent better.
