South Africa’s finance minster known for a Twitter roast chicken fail

Erwin Oropesa
Tito Mboweni
Tito Mboweni

Far from the cliché of a grey-suited quiet man of numbers, South Africa’s Finance Minister Tito Mboweni appears to relish stirring up trouble on Twitter both at home and abroad.

His most recent tweets to his more than 870,000 followers criticising the president of neighbouring Zambia earned him the wrath of many in that country, and a chastisement from his own President, Cyril Ramaphosa.

But the well-respected economist is affectionately known on Twitter in South Africa as “Uncle Tito” for his more domestic concerns.

Crying from chillies

While the 61-year-old tweets about a number of issues, his posts on what he is making for dinner are what gets most reaction from ordinary South Africans. But he is, let’s say, not as talented in the kitchen as he is with numbers.

His dishes are simple and hearty and the man loves his chillies and garlic, oodles of either usually

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U.S. Stock Market Looks Overvalued to Corporate Finance Chiefs

Erwin Oropesa

(Bloomberg) — Corporate finance chiefs say something looks off with the U.S. stock market.

About 84% of chief financial officers said equities are too expensive in a quarterly survey conducted by Deloitte LLP — the second-highest level in the decade since the accounting and consulting firm began collecting the data. Only 2% of respondents said U.S. stocks look cheap.

That may not come as a surprise with the S&P 500 trading at all-time highs, up 55% from March lows, but the data provide further insight into the views of corporate management, particularly the finance departments responsible for capital expenditures. At 27 times earnings, the S&P 500’s price-earnings ratio is hovering near the highest level since the early 2000s.

Deloitte collected responses from 155 CFOs across North America, most of whom work at companies with more than $1 billion in annual revenue. The survey spanned Aug. 3 to Aug. 7. Since

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