Flash Briefing: Sarkozy convicted; Bidvest beats estimates; PMI; corruption plan

Flash Briefing: Sarkozy convicted; Bidvest beats estimates; PMI; corruption plan

South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index expanded faster in February compared with January, supported by an increase in new sales and business activity. The index, a gauge of manufacturing activity in Africa’s most industrialised economy, rose to 53 points in February from 50.9 points in January, remaining above the 50-point mark that separates expansion…

Former French President Nicolas Sarkozy found guilty on corruption charges – With insights from The Wall Street Journal

Former French President Nicolas Sarkozy found guilty on corruption charges – With insights from The Wall Street Journal

Nicolas Sarkozy, the former President of France, has been convicted in a corruption trial in Paris. The 66-year old received a three-year prison sentence, two years of which are suspended. The Wall Street Journal reports that the court convicted Sarkozy on ‘charges of influence-peddling and corruption for offering to help a magistrate land a plum position in Monaco in…