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Top news in major S. African news outlets

Xinhua, November 12, 2016 Adjust font size:

he following are highlights of South African major media outlets on Saturday:

-- The rand extended losses to a third day and headed for the biggest weekly slump since August on concerns that Donald Trump will pursue policies that will spur capital outflows from developing economies and weaken their exports. (Fin24).

-- Electricity utility Eskom CEO Brian Molefe's resignation is a setback for black corporate excellence, the South African National Civic Organisation (Sanco) said on Friday.

Molefe resigned following the recent release of former public protector Thuli Madonsela's state capture report, in which he is mentioned numerous times.(News24). Endit