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South Africa’s Wiese slashes stake in Steinhoff to 6. South African tycoon Christo Wiese has cut his stake in retailer Steinhoff International, which has been embroiled in an accounting scandal, to 6. 2 percent, regulatory filings show. Steinhoff Africa Retail’s quarterly revenue jumps 15. 5 percent increase in revenue for the quarter ended December on Friday, thanks mainly to a strong showing at discount clothing chains. India’s Bank of Baroda, which counts the Guptas as clients, has pulled the plug on its South African business, citing a strategic shake-up to slim down in international markets. Revenue for the interim period increased to R3.

Profit from operations grew to R387. Profit for the period attributable to owners for the period. South Africa’s unemployment rate falls to 26. South Africa’s unemployment rate fell to 26.

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