Receive Breaking News updates as they occur
JOHANNESBURG (Reuters) - South Africa's National Treasury has found that President Jacob Zuma should pay 7.8 million rand ($510,074) for non-security upgrades to his private Nkandla home, 702 Talk Radio reported on Monday. The top court in Africa's most industrialised country in March ordered Zuma to pay back some of the $16 million of state money spent upgrading his private home. Zuma said he would comply and pay back a portion of the money. ($1 = 15.2919 rand) (Reporting by Tiisetso Motsoeneng; Editing by James Macharia)
By Sarah Young LONDON (Reuters) - UK housebuilders have lost as much as 40 percent of their value since Britain voted to leave the EU, as the threat of recession erased their standing as safe haven stocks. About 8 billion pounds has been wiped off the market capitalisation of the country's four biggest housebuilders, Taylor Wimpey , Persimmon , Barratt and Berkeley , since the result of Thursday's referendum. "You've gone from certainty and clarity and confidence to a complete lack of," Shore Capital analyst Robin Hardy said.