Ex-Steinhoff Chair Wiese's Loss Dwarfs African Economies

Christo Wiese was one of Africa's richest people. But in 2017, the former chairman of scandal-hit Steinhoff International NV lost more wealth than the gross domestic product of at least 13 of the continent's countries . The billionaire is the biggest shareholder in the furniture and clothing company, which
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Still, investors toiling to meet return targets in an era where the pool of bonds with sub-zero yields is $8.5 trillion, according to Bloomberg Barclays Global Indexes, may eventually decide the extra 250 basis points they can get from Treasuries is enough of an enticement to buy dollar assets. For now
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Hoover also co-owned and served as president of a real estate settlement and title company for over 25 years (1993-2015) as a business ancillary to his law practice. He also owns an interest in and serves as a consultant to Regeneration Project, LLC. The venture is a for-profit minority-owned business
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Ben Carlson at ben@ritholtzwealth.com. To contact the editor responsible for this story: Max Berley at mberley@bloomberg.net. Before it's here, it's on the Bloomberg Terminal. LEARN MORE. Comments. Bloomberg Prophets. Professionals offering actionable insights on markets, the economy and
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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. To contact the author of this story: Mark Buchanan at buchanan.mark@gmail.com. To contact the editor responsible for this story: Mark Whitehouse at mwhitehouse1@bloomberg.net. Before it's
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Oaktree Specialty Lending Corpo (NASDAQ:OCSL) traded at an unexpectedly high on Tuesday, posting a 4.12% after which it closed the day' session at $5.05. The results of the trading session contributed to over 2,317,954 shares changing hands. Surprise? The volume performance for the stock on
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Huawei Technologies Co., China's biggest maker of smartphones, said the head of sales for its domestic consumer business has been detained in a corruption investigation. Police have taken immediate action on Teng Hongfei on “suspicion of taking bribes,” the Shenzhen-based company said in a
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D.C.-based ASB Real Estate Investments has purchased a converted warehouse property with the potential for additional development in fast-growing NoMa. Terms of the sale were not disclosed. Brookfield Asset Management put 64 New York Ave. NE up for sale in 2016, according to Commercial
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QUINTON Fortune's appointment has been shrouded in controversy and now he could be on his way out of Bafana Bafana. The feeling among the football public has invariably been that Fortune was parachuted into the position of an assistant Bafana coach on the basis of his legendary status and not
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'There is capacity for growth once we have greater clarity, but this will be constrained by rate rises and the corresponding ability to get mortgage debt, particularly in London and other higher value locations. 'Mortgage regulation, introduced in 2014, is likely to show its hand as interest rates rise. But by
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Life Time Fitness, a publicly-owned Chanhassen, Minnesota-based “healthy way of life company'' that operates fitness centers and events throughout the nation, acquired ownership of the Miami Marathon just before the 2014 event. This is the first time Life Time has had a title sponsor for the Miami
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Villa, a singer, alleges that Lewandowski slapped her bottom twice at a party at the Trump International Hotel in Washington, DC, on November 28. According to Newsweek, Villa described the incident as “an extreme slap” that would've left “a bruise or mark” had it been on a different part of her body.
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HANOI, Vietnam, Dec. 27, 2017 /PRNewswire/ — SWIFT announces today that JSC. Bank for Investment and Development of Vietnam (BIDV) signed up for its global payments innovation initiative, SWIFT gpi, confirming its digital banking strategy. Since 2009, BIDV has consistently ranked first in terms of
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RURAL RETREAT. 3 bedrooms House for Sale. $425000. 1018 Princes Highway Stratford Vic 3862. Listed by Graham Chalmer – Sale. Features: Living Areas, Toilets, Workshop, Split-system Heating, Split-system Air Conditioning, Carport Spaces, Outdoor Entertaining Area, Shed.
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The most recent earnings announcement Australia and New Zealand Banking Group Limited's (ASX:ANZ) released in September 2017 suggested that the business experienced a robust tailwind, leading to a double-digit earnings growth of 12.21%. Below, I've laid out key numbers on how market
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Next year could see the FTSE 100 hit new highs as the share price bull run stretches into its ninth year. The days of double-digit house price growth may finally be over, but property will still grow at a steady pace, experts say. Sterling should continue to strengthen, driving down imported infl ation and
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Bank of Tokyo-Mitsubishi UFJ said it has agreed to acquire a majority stake in Bank Danamon Indonesia for up to ¥700 billion. The move, announced Tuesday, is part of the bank's effort to strengthen its foreign holdings in response to a slump in domestic operations stemming from the Bank of Japan's
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According to new data from the Federal Housing Finance Agency, that's the only part of the country where prices are bucking national trends – and … The information contained on The Mortgage Reports website is for informational purposes only and is not an advertisement for products offered by Full
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The year 2017 seemed to be the year when property finally overtook pornography as the dirty secret of everyone's browser history as the entire nation indulged in unrealistic fantasy play regarding their housing situation. You could hear the late night guttural moans echoing through the rental belts of the
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Multiple closely watched mortgage rates climbed higher today. The average rates on 30-year fixed and 15-year fixed mortgages both moved higher. The average rate on 5/1 adjustable-rate mortgages, meanwhile, also inched up. Mortgage rates are constantly changing, but they remain low by historical
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