Matjila's dirty laundry; Deutsche closing trading division; Eskom CEO delay; Market movers TSX, ASP, KIO
BizNews — More dirty laundry will be publicly aired today when Dan Matjila, the former chief executive of South Africa’s Public Investment Corporation, takes the stand at the PIC Commission of Inquiry. One time global trading powerhouse Deutsche Bank has announced plans to radically shrink its investment bank, the company’s long-time dominant revenue generator. Eskom will only name a new acting chief executive at the end of July when incumbent Phakamani Hadebe physically steps down. On the JSE Friday, the share price of diamond producer Transhex jumped 12% to 88c after an announcement that a consortium which holds almost 80% of the equity is offering to buy out minority shareholders at 100c a share.