Dineo Devastes Mozambique

Tropical storm Dineo has killed seven people in Mozambique since it hit the eastern coast on Wednesday. Mozambique’s emergency operational centre said in a statement about 130,000 people living in the Inhambane province, 500 km north of the capital Maputo, had been affected by the storm. About 20,000 homes were destroyed by heavy rains and fierce winds. Floods in 2000 and 2001 killed hundreds of people in Mozambique and two cyclones in January 2012 killed 26 and displaced more than 125,000.

Source : https://goo.gl/VuJdup

DSTV To Increase Prices

From 1 April 2017, the price of DStv Premium will rise to R789/month, from R759/month now, an increase of 4%. Last year, MultiChoice hiked the price of DStv Premium by more than twice that by 8,6% from R699/month to R759/month. DStv Extra will increase on 1 April 2017 by 6,5% to R489/month, from R459/month now, while DStv Compact customers will have to fork out R365/month, a 5,8% increase over the R345/month currently charged. The 2016 increases for Extra and Compact were 8% and 8,2% respectively.

Source : https://goo.gl/zCGbhK

Citigroup And Barclays To Avoid Collusion Fines

Citigroup and Barclays won’t be targeted for fines by South African antitrust authorities for colluding to manipulate the value of the rand because they co-operated with regulators. The banks manipulated the price of bids and offers through agreements to refrain from trading and creating fictitious bids and offers at particular times.

Source : https://goo.gl/XMpkVj

Samsung Chief Arrested

Samsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea. Lee is a suspect in the influence-peddling scandal that led parliament to impeach President Park Geun-hye in December, a decision that if upheld by the Constitutional Court would make her the country’s first democratically elected leader forced from office.

Source : https://goo.gl/0EKBLT

Facebook Adds An HR Function For Job Listings

Companies can now create job posts, track applications, and communicate with applicants through Facebook. After posting a job, page admins will be able to review applications and contact applicants in Messenger. As an applicant, when you click on the “Apply Now” button, a form will open that’s populated with information from your profile on Facebook. Applicants can review and edit their information before submitting an application

Source : https://goo.gl/LAABJR

Currencies And Stuff

JSE 52’586 – Oil 55.78 – Rand/USD 13.01 – Rand/GBP 16.22 – Rand/EUR 13.88
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Author: The Turk Report

Simplifying complex money matters

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