1. New revenue numbers appear for Steinhoff
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New revenue numbers reportedly show that Steinhoff lied about its profits. The real number of revenue is reportedly almost R6 billion lower than previously stated.
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2. R2.5 million artificial wetland to be built
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An R2.5 million artificial wetland is reportedly in the pipeline to be built in Paarl, Western Cape. The wetland will be built to reportedly purify contaminated water for farmers.
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3. The dti aims to woo China to SA’s SEZ’s DTI
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The Deputy Minister of Trade and Industry, Bulelani Magwanishe will lead an investment roadshow to Shanghai, China aimed at wooing investors to the South African Special Economic Zones.
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4. Mamabolo announces drones to take flight in Gauteng
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Jacob Mamabolo, the MEC of the Gauteng Department of Infrastructure Development has announced that he will be launching the province’s first drone programme today.
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5. WATCH: Nokia launches new device, the X6
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HMD Global has released the latest Nokia smartphone – the Nokia X6 at an event in China and its possible that the device might only be available there, reports suggest.
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6. Beyond the Dollar Everything’s ‘Just Noise’ for Emerging Markets
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As the dollar clocked up its longest rally since 2015, the MSCI Emerging Markets Currency Index closed on Friday below its 200-day moving average for the first time in more than a year, heralding more losses.
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7. At $78,000, Tesla Moves Mass-Market Model 3 Beyond Masses
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Elon Musk’s Model 3, once touted as Tesla’s $35,000 car for the masses, can now set a buyer back almost $80,000.
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Musk unveiled specifications for a faster and more powerful version of the Model 3 in a series of tweets over the weekend. It will cost $78,000, more than double the $35,000 base-model starting price discussed into the run-up before the electric car’s deliveries started last year.
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