JOHANNESBURG Former Steinhoff chairman and top shareholder Christo Wiese said on Monday he is open to negotiations over a $4 billion claim against the South African retailer, days after it revealed the scale of a devastating accounting fraud.
JOHANNESBURG South African retailer Steinhoff said an independent report had found it had overstated profits over several years in a $7.4 billion accounting fraud involving a small group of top executives and outsiders.
* Second high-profile to file for bankruptcy protection
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* Misses target on results from operations
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JOHANNESBURG MTN Group announced on Thursday a $1 billion divestment program over the next three years that will slim down Africa's biggest mobile phone operator and refocus it on high-growth markets on the continent and in the Middle East.
* In talks with govt to sell majority stake in Air Chefs
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* PIC is Africa's biggest pension fund
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JOHANNESBURG South Africa's deputy minister of finance and chairman of the state-owned Public Investment Corporation (PIC), Mondli Gungubele, said on Wednesday he had done nothing wrong after a whistleblower made new graft allegations at the pension fund.
* GRAPHIC: https://tmsnrt.rs/2DbEu6z
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LAGOS/JOHANNESBURG South African telecoms operator MTN Group has agreed to make a $53 million payment to resolve a dispute in Nigeria, it said on Monday, ending a four-month multi-billion dollar dividend repatriation row that has hammered its share price.