TOP 7 on Fin24: Eskom, nuclear, poverty in South Africa and Vodacom's disappearing data

Johannesburg - In case you missed it #ICYMI, here is a roundup of today's top 7 reads on Fin24:

1. More than 50% of SA’s population is living in poverty

More than half of SA’s population is living in poverty, data from Statistics South Africa revealed. According to the Poverty Trends Report for 2006 to 2015, 30.4 million people (55.5% of the population) is living in poverty. This is up from the 53.2% or 27.3 million people reported in 2011.

2. Eskom can now pursue R60bn in tariff hikes

Eskom has been given the green light to pursue up to R60bn in clawback tariffs, after a Constitutional Court ruling.

3. Naspers investor Allan Gray to vote against executive pay policy

Naspers shareholder Allan Gray plans to vote against the firm's remuneration policy because it isn’t aligned to the performance of the business outside a stake in Tencent.

4. Vodacom to reimburse customers struck by data glitch

Vodacom will reimburse customers affected by Monday night's billing issue, after scores of customers took to social media sites to complain when a network glitch stole data from users, leaving them without access to the internet. 

5.  Leaked AG report points to irregular nuclear tenders

The Auditor-General has allegedly found gross irregularities in a nuclear tender awarded to the son of President Jacob Zuma’s benefactor, Vivian Reddy.

6. Zuma should face ANC inquiry - Sisulu

The ANC should initiate disciplinary action over allegations that President Jacob Zuma and members of the Gupta family have looted state coffers, says Lindiwe Sisulu.

7. Shoprite-led retail rally fuels JSE

The JSE has pushed higher for a second consecutive session as positive financial results provided a boost to the equity market.

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