PPC accounting 'errors'; Eskom power cuts; Zimbabwe stocks plunge; S&P500 soars
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In today's news headlines:
* PPC, South Africa’s largest cement maker, plunged deeper into crisis after reporting accounting errors and delaying the release of full-year earnings for a second time.
* Zimbabwe’s benchmark stock index has slid by 21% since the government allowed trading to resume just over two weeks ago,
* Eskom will implement planned blackouts today (Wednesday) after breakdowns at a number of power stations.
* The S&P 500, an index of the biggest companies trading on the New York Stock Exchange, hovered near record levels on Tuesday, BizNews partner Wall Street Journal reports. The “remarkable rebound” of stock prices comes after the coronavirus pandemic sent shockwaves through the economy and financial markets, Learn more about your ad choices. Visit megaphone.fm/adchoices
* PPC, South Africa’s largest cement maker, plunged deeper into crisis after reporting accounting errors and delaying the release of full-year earnings for a second time.
* Zimbabwe’s benchmark stock index has slid by 21% since the government allowed trading to resume just over two weeks ago,
* Eskom will implement planned blackouts today (Wednesday) after breakdowns at a number of power stations.
* The S&P 500, an index of the biggest companies trading on the New York Stock Exchange, hovered near record levels on Tuesday, BizNews partner Wall Street Journal reports. The “remarkable rebound” of stock prices comes after the coronavirus pandemic sent shockwaves through the economy and financial markets, Learn more about your ad choices. Visit megaphone.fm/adchoices
