1. For the first time in almost three weeks, Eskom announced yesterday that there was a high risk of stage 1 load shedding . This was due to a shortage of capacity due to the loss of generating units at power stations.
2. Mining output in February was horrific: Production slumped by 7.5%. Diamond output halved, while gold and iron ore production was down more than 20%. The new report wreaked havoc on the JSE's mining sector yesterday, with AngloGold down almost 4% and Anglo Platinum slumped 4.5%.
Year on year gold mining production numbers:Feb 2019 -20.6%Jan 2019 -22.8%Dec 2018 -31.0%Nov 2018 -13.7%Oct 2018 -15.0%
— Johann Biermann ???? (@JohannBiermann1) April 11, 2019 3. SA's market and financial watchdog, the Financial Sector Conduct Authority (FSCA), found no evidence of insider trading in Steinhoff in three big cases it investigated – but it is still investigating others. Last year, Bloomberg reported that Jooste sent cellphone messages to his friends advising them to sell their Steinhoff shares – days before the share imploded.
4. As many as 17 KwaZulu-Natal advocates - most MTN clients - have became targets of cybercrime, losing thousands. Business Day reports the Society of Advocates has warned members that criminals are obtaining their personal data.
5. Trevor Manuel is suing the EFF over claims it made over the appointment of new SARS boss Edward Kieswetter. Manuel was the head of the selection panel. The EFF alleged that the two were related and had a "close business relationship".
Who's getting rich from Uber's massive IPO Reported by Julie Bort
Uber just publicly revealed the paperwork for its giant initial public offering (IPO) . This paperwork doesn't yet include key details, such as how much the company expects to charge for each share of its stock or how many shares it will sell.
But it does reveal who the biggest shareholders are.
And with that knowledge - plus a little digging on Pitchbook, a database that tracks private companies' financial-deal details - we know which people and investors will score the biggest on Uber's IPO.
Travis Kalanick Travis Kalanick. Axelle/Bauer-Griffin/FilmMagic Travis Kalanick's rise and fall as Uber's founder and CEO has been well documented. He left the CEO job in summer 2017 (and launched a new company ) and sold off a sizeable chunk of his stake to Softbank at that time. That sale put $1.4 billion (R20 billion) in his pocket, and it represented only 30% of his stake.
He's the largest individual shareholder. He owns more than 117.5 million shares, or about 8.6% of the company.
Just for fun: If Uber's shares command what Lyft is trading for, about $60 per share, this stake would be worth more than $7 billion (R100 billion).
Garrett Camp Flickr/Joi
Garrett Camp is Uber's original founder. He created an app for hailing black-car limo services that his buddy Kalanick loved. Kalanick invested in the fledgling company, joined the startup, and later became its second CEO.
Camp, who is also known for the other tech company he founded, StumbleUpon, has been on the board since its earliest beginnings, sometimes as chairman and other times as just a board member.
Camp is the second-largest individual shareholder. He owns nearly 82 million shares, or about 6% of the company.
Again, just for fun: At $60 per share (what Lyft is trading for), that stake would be worth nearly $4.9 billion.
Dara Khosrowshahi Getty Dara Khosrowshahi is Uber's CEO, hired to navigate the company out of its well-publicised cultural issues and into an IPO.
He's been on the job for about two years now, and one of his major directives was to take the company public. Insiders have told Business Insider that he's been particularly pressured to launch an IPO with a valuation of $120 billion and that he will be eligible for some hefty bonuses if the IPO hits and maintains that valuation.
His stake is 196,000 shares.
SoftBank drove a hard bargain when it picked up a 16% stake in Uber, buying shares from other stockholders at about $33 a share.
SoftBank's billionaire CEO Masayoshi Son capitalized on Uber's boardroom troubles and the infighting on the board to grab a big chunk of the company for his investment company, the SoftBank Vision Fund, at what he hopes will prove to be a bargain price.
SoftBank Vision Fund, through an entity called SB Cayman 2 Ltd., owns more than 222.2 million shares.
Ryan Graves Uber Ryan Graves joined Uber as employee No. 1 by answering a tweet . He was Uber's first CEO, though Kalanick quickly replaced him and took the CEO job.
Graves remains on the board. He may have sold off a chunk of his shares during some of Uber's secondary sales.
Graves owns nearly 33.2 million shares.
Saudi Arabia's Public Investment Fund The Saudi Arabia Public Investment Fund invested $3.5 billion in Uber in 2016, and its managing director, Yasir Al Rumayyan, sits on Uber's board.
The fund is chaired by Crown Prince Mohammed bin Salman, the Saudi royal who's been accused of killing Washington Post journalist Jamal Khashoggi. The Public Investment Fund predates the prince's tenure. It was established in the 1970s, but it has been a driving force behind the country's ambitions to diversify the economy away from oil.
The Saudi Arabia fund owns nearly 73 million shares of Uber, or 5.3%
Benchmark Capital Brian Ach/Getty The A-list venture firm Benchmark Capital, under partner Bill Gurley, led Uber's $11 million series A round and invested in later rounds. The $12 million it invested over time became valued at as high as $7 billion, records from its lawsuits with Uber revealed .
Benchmark sold about 14.5% of its stake to SoftBank when SoftBank bought in, but it also held on to a considerable stake. It still owns more than 150 million shares, or 11% of the company.
As Business Insider previously reported , Gurley was one Kalanick's earliest advisers and became one of the ringleaders who ousted him.
After that, he resigned from the board, and Matt Cohler took his place. Cohler remains on the board today.
Barney Harford Uber Barney Harford, Uber's chief operating officer, hired by Khosrowshahi, owns 105,211 shares, based on the number of his restricted share units due to convert to shares by the end of May.
Things got dicey for Harford in July when he made some insensitive comments about race , not a good look for Uber as it struggled to rebuild its image. But Khosrowshahi defended him and he weathered the storm.