Zuma's Zondo song and dance; Eskom treasurer jumps ship; Zim inflation heads for 200%; China boosts rand
BizNews — In today's headlines: Former president Jacob Zuma appeared at the Zondo commission to discuss allegations of corruption and state capture. Andre Pillay, who joined Eskom in 2011 and was made treasurer in 2016, will leave at the end of August. Inflation in Zimbabwe hits an eye-watering 176%, according to data released on Monday. China's second-quarter annual GDP growth fell to a 27-year low of 6.2%, as expected, but its quarterly growth reading of 1.6% beat forecasts, says Reuters. The big winner on the Johannesburg stock exchange on Monday was mining holding company Assore, which moved up nearly 8%. The big loser was pharmaceutical company Aspen, which shed nearly 4% of its stock price. Currencies: Late on Monday R13.92 would buy you one greenback, the rand was trading at R17.44 to the British pound and at R15.68 to the Euro.