Joe Biden has drafted a $7.3-trillion budget plan

Keith Preston

2 years ago

Tuesday, 12 March 2024

“I have come home at last! This is my real country! I belong here. This is the land I have been looking for all my life, though I never knew it till now… Come further up, come further in!”

The Chronicles of Narnia, CS Lewis

STORY OF THE DAY

Steinhoff: Reserve Bank manager allegedly approved billions

By Pauli van Wyk

The SA Reserve Bank has laid a corruption complaint against a former divisional head at its Financial Surveillance department, Raymond Paola, who was between 2012 and 2017 tasked with overseeing Steinhoff’s large cross-border transactions. His co-accused is said to be former CEO Markus Jooste and company risk manager Chris Grové.

Change broadens our horizons so we can broaden your investment possibilities. At NinetyOne, we believe that with change comes opportunity. That’s why we harness it to chart a new course for your investments. Invest offshore with Ninety One.

WHILE YOU WERE SLEEPING

🇺🇸💵 Joe Biden has drafted a $7.3-trillion budget plan aimed at showing his economic prowess over Donald Trump. Biden wants taxes raised on corporations and the rich elite. Congress is highly unlikely to adopt the measures.

🍊👩‍⚖️ Donald Trump has requested that his New York state hush-money trial be delayed, pending the outcome of an immunity appeal at the Supreme Court next month. Trump’s Stormy Daniels-related trial was scheduled for 25 March.

🇭🇹💵 Haiti is to receive more funding from the US, as the country’s descent into outright bedlam continued. With $300-million pledged in total to a multinational security force, with a timeline unclear, the US proposal is unlikely to be meaningful just this minute, given the immediacy of Haiti’s problems.

🇳🇿🛬 New Zealand’s transport authority is seizing the black boxes from LATAM’s Boeing 787, after more than 50 people were injured in a rapid descent mid-flight Sydney-Auckland. Chilean authorities had confirmed they had opened a probe into the flight.

PICTURE OF THE DAY

📷 Magda Campher

“Green pigeon.”

Nkuhlu Picnic spot in Kruger National Park.

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Change broadens our horizons so we can broaden your investment possibilities. We don’t avoid change. Or try to outlast it. Instead, we navigate it to seek opportunity for you. Choose Ninety One.

IN NUMBERS

€500,000/hour

… the amount Lufthansa was reportedly losing in 2021, flying empty planes to keep airport slots.

FACTS OF THE DAY

Today in 1999, the Czech Republic, Hungary and Poland join Nato.

Most managers receive zero management training.

SPORTS HIGHLIGHTS

🏁 Former Ferrari F1 driver Felipe Massa has launched legal action against the sport’s management, former commercial supremo Bernie Ecclestone and the governing FIA, over the outcome of the 2008 world championship.

🏃🏽 Sprinter Noah Lyles is expanding his repertoire to include the 400m, to give him a chance to grab a relay spot and a shot at four golds on the track (100m, 200m, 4x100m and 4x400m) in the Paris Olympics.

🏏 South Africa, led by captain Nondumiso Shangase and all-rounder Kayla Reyneke, shone in the team’s convincing 50-run victory against Uganda in the Women’s T20 Cricket semi-final at the 13th African Games in Accra on Monday.

DAILY MAVERICK TODAY

ANC members implicated in State Capture defy appeal to withdraw from electoral list

By Queenin Masuabi

ANC’s failed promise of renewal — same as it ever was; same as it ever was

By Stephen Grootes

Moeletsi Mbeki urges SA’s post-election government to cut its costs in half

By Chris Makhaye

Ramaphosa accuses DA of ‘almost mortgaging’ SA to the West

By Peter Fabricius

On the sly, Chinese chemists have eroded SA’s PGM industry

By Ed Stoddard

OPINIONISTAS

Opposing government secrecy should not be kneejerk opposition for the sake of opposition

By Ismail Lagardien

No need for land reform panic — it is inevitable but must be orderly

By Songezo Zibi

Change broadens our horizons so we can broaden your investment possibilities. With 250 investment professionals in the world’s investment hubs, we’re here for you and everywhere for your money. Invest offshore with Ninety One.

John Stupart

Newsletters Editor

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