Paralympian Oscar Pistorius returns to the witness stand today after prosecutor Gerrie Nel accused him of changing his defense argument and altering his testimony in the trial for the killing of his girlfriend Reeva Steenkamp.
The Standard & Poor’s 500 Index rebounded from the worst weekly loss in two years, weathering a selloff in the final hour, after retail sales rose the most since 2012 and Citigroup Inc.’s earnings unexpectedly rose. Treasuries fell with the ruble and commodities advanced on concern the situation in Ukraine is worsening.
Telkom SA SOC Ltd. Chief Executive Officer Sipho Maseko faces referral to South Africa’s national prosecutor or a fine if he fails to attend a corporate governance course as ordered, a state department said.
South Africa’s Vodacom Group Ltd. and MTN Group Ltd. agreed to buy mobile-phone subscribers from Nashua Mobile (Pty) Ltd. for 2.26 billion rand ($215 million), ahead of a possible winding up of the service provider.
Eskom Holdings SOC Ltd. will cut back plans to repair plants during the South African winter to ensure the country has enough electricity as the colder months approach, Energy Minister Ben Martins said.
Grant Pattison resigned as chief executive officer of South African retailer Massmart Holdings Ltd. after seven years, having overseen the sale of a majority stake in the company to U.S.-based Wal-Mart Stores Inc.