Matjila: I didn't know Erin Energy was insolvent when PIC invested in it

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Matjila: I didn't know Erin Energy was insolvent when PIC invested in it

JOHANNESBURG – Former Public Investment Corporation (PIC) CEO Dan Matjila on Monday told the commission he did not know Erin Energy was technically insolvent at the time the corporation invested in it. The corporation lost R330 million in the deal.
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'Catastrophic' storm likely means few utility bill credits for those affected by power outage

It appears few Michiganders who spent the weekend without electricity will be able to apply for a credit on their next utility bill. More than 600,000 DTE and Consumers Energy customers spent part of the past few days in the dark after strong storms knocked …
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British tourist says Dominican Republic resort's 'soapy' mojitos made her violently sick

A woman from across the Atlantic Ocean said her stay at a Dominican Republic resort last August made her extremely ill. British tourist Karin Kidd told the Sun on Monday that she was vacationing with her daughter at the Luxury Bahia Principe Resort …
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Apex court stays NCLAT verdict in Essar Steel insolvency case

NEW DELHI: The Supreme Court on Monday put on hold the sale of Essar Steel India Ltd to ArcelorMittal after lenders to the bankrupt Indian steel maker challenged an appeals court ruling that said operational creditors have to be treated on a par with …
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US STOCKS-S&P 500 climbs toward record, marquee reports in focus

… * Halliburton rises after Q2 profit beats estimates. * Boeing falls after Fitch revises ratings outlook. * Tech stocks lead major S&P sectors. By Noel Randewich. July 22 (Reuters) – The S&P 500 climbed toward a record highon Monday, supported by …
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