Cape Town - A roundup of Monday's top economic and finance reads on Fin24.
SA Uber drivers strike as fuel prices skyrocket
Drivers at the US ride-hailing service gathered peacefully at a public park in central Johannesburg on Monday to discuss their grievances and aren’t available for trips, an Uber spokesperson confirmed by phone.
They’re unhappy about the 25% service fee charged by Uber per ride, especially after the government hiked fuel prices for the third time this year.
Eskom warns load shedding to last for next ten days
Eskom says load shedding is likely to take place on Monday from 17:00 to 21:00, with intermittent blackouts set to last for the next 10 days, as it works to stabilise its supply chain interrupted by workers' protests.
"There is a low probability of rotational load shedding during the day as a result of power station units being returned to the system, but the probability of rotational load shedding increases for the evening peak period from 5pm to 9pm due to the normal expected increase in demand," Eskom said in a statement.
Liberty customers urged to change all banking passwords amid inside-job rumours
All Liberty Holdings [JSE:LBH] customers should change their transactional bank account details and any other systems which could have the same passwords as their Liberty accounts, Arthur Goldstuck, MD of World Wide Worx, urged on Monday.
The financial services group admitted to a data breach on Saturday night by a third party, and said at a press conference on Sunday evening that no customers had yet been financially impacted.
Apple partners with Oprah Winfrey for original content push
Apple unveiled an original programming partnership with TV star and producer Oprah Winfrey, the iPhone maker’s biggest ally so far, in a battle with Netflix, Google and Amazon.com over the future of online video.
The company said the agreement with Winfrey is a multi-year content partnership in which the two will "create original programmes that embrace her incomparable ability to connect with audiences around the world".
Buyout said to value Africa's largest feedlot at R6bn
Africa’s largest cattle feedlot is considering a management buyout that will value the company based south of Johannesburg at about R6bn, according to two people familiar with the matter.
The management of Karan Beef may approach the Public Investment Corporation - which manages pension funds of South African government workers - to assist it with funding, said the people, who asked not to be identified because the information isn’t public.
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