Africa is one of the poorest regions in the world with a vast population under the poverty line. The unequal wealth distribution in Africa makes it a complicated economic region.
An Enron-like accounting scandal at South Africa-based furniture group Steinhoff International wiped out billions of retail tycoon Wiese’s fortune. After a four-year battle, he’s back as one of Africa’s richest, and at peace with the world.
JOHANNESBURG — The rand and South African sovereign bond prices ticked higher on Friday, while stocks fell, after ruling party officials failed to reach a…