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Insurance: Power shifts towards the consumer

28 Jul 2021  / Jonathan Faurie
The industry is being turned on its head.

Kumba delivers strong dividend spurred on by strong iron ore prices

27 Jul 2021  / Fifi Peters
Offshore demand for quality iron ore is robust – largely for steel production in China, which is up 14% year on year: CEO Themba Mkhwanazi.

What could a South African do with R500k in a money market account?

27 Jul 2021  / Elke Brink
Until the interest rate situation changes in South Africa, I would strongly reconsider any cash exposure....

Prosus faces investor criticism over R2.1bn fee for Naspers share swap

27 Jul 2021  / Promit Mukherjee, Reuters
According to a document submitted to stock exchanges on July 12.

'Covid grant should be R585, so all people in SA can afford to eat'

27 Jul 2021  / Theresa Edlmann, Engenas Senona, Erin Torkelson and Wanga Zembe, GroundUp
Black Sash launches a report into the implementation and impact of the Covid-19 SRD grant.
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Transnet cyber attack confirmed: Port terminals division declares force majeure

UPDATE
27 Jul 2021  / Suren Naidoo
‘Security intrusion and sabotage’ a major blow, but group now says ‘significant progress has been made in restoring Transnet SOC Ltd IT systems’.

Ninety One: Unrest to have direct and indirect long-term consequences

27 Jul 2021  / Patrick Cairns, Citywire
The impact on government’s reform agenda may be the most significant.

Learn how to save with Moneyweb during #NationalSavingsMonth

27 Jul 2021  / Moneyweb
July is National Savings Month and Moneyweb brought readers money lessons and savings tips from our community of financial advisors and influential individuals in the business and finance industry.

SA’s Yoco raises R1.2bn in major funding round

27 Jul 2021  / Duncan McLeod
From top investors in a series-C funding round as demand grows among small businesses for its digital payments tools.

SA reaches interim pay deal with public-servant unions

UPDATE
27 Jul 2021  / S'thembile Cele, Bloomberg
Averting the threat of an imminent strike.

Down to two planes, Mango should’ve been in business rescue with SAA

27 Jul 2021  / Moneyweb
After route and flight cuts, the airline is barely operating at all.

Looking at Amplats, Tiger Brands and Liberty Two Degrees

27 Jul 2021  / Simon Brown
Nesan Nair from Sasfin Securities considers the good and bad news out from the three South African companies.

Anglo Platinum hits that sweet spot at halfway stage

27 Jul 2021  / Ciaran Ryan
Platinum group metals production was up 28% in the first six months, with earnings shooting up 385%.

L2D achieves improved retail occupancies despite Covid-19 lockdowns

27 Jul 2021  / Roy Cokayne
But experiences negative reversions in rental renewals.

Mango Airlines briefly suspends flights due to outstanding payment

27 Jul 2021  / Nqobile Dludla, Reuters
Low-cost airline in dire financial position.

Give me one good reason why I should invest in cryptos ...

27 Jul 2021  / Ciaran Ryan
Because of the asymmetric potential for outsized returns, argues Gaurav Nair, co-founder of alternative investments group Jaltech.

Lottery COO back at work after 17-month 'leave of absence'

27 Jul 2021  / Raymond Joseph, GroundUp
Philemon Letwaba went on 'leave' in February last year soon after the NLC’s board hired audit firm SkX to investigate alleged Lottery corruption.

Adjusted lockdown: Tourism sector still in ‘dangerous zone’

27 Jul 2021  / Palesa Mofokeng
Industry welcomes the lifting of the alcohol ban and opening of interprovincial travel, but says it is still in critical condition.

Steinhoff: Deloitte now in the crosshairs

26 Jul 2021  / Ann Crotty
Implementation of settlement agreement ‘would prejudice efforts to pursue claims against Deloitte’ – court papers.

Africrypt’s Raees Cajee comes out of hiding in Tanzania to oppose liquidation

26 Jul 2021  / Ciaran Ryan
Argues that Africrypt isn't insolvent, doesn't owe investors anything, and that his family was forced to flee SA due to death threats.

Unions take a stand against Mango's dire financial situation

26 Jul 2021  / Fifi Peters
Numsa’s Phakamile Hlubi-Majola and Sacca’s Zazi Nsibanyoni-Mugambi outline the unions’ demands for joint business-rescue practitioners.

Amplats declares record dividend as earnings rocket

26 Jul 2021  / Fifi Peters
CEO Natascha Viljoen reflects on the company’s vaccination rollout, product demand, power generation, new appointments and the doorstep social development programme.

Prosus shareholders approve Naspers share purchase

UPDATE
26 Jul 2021  / Toby Sterling, Reuters
The share price of both groups plunged more than 7% on Monday following Friday's confirmation of the deal.

Telkom to pay R20m in retention bonuses to CEO Maseko

26 Jul 2021  / Duncan McLeod
Sipho Maseko to step down mid-2022.

Mango Airlines to enter business rescue, says SAA interim CEO

26 Jul 2021  / Olivia Kumwenda-Mtambo and Nqobile Dludla, Reuters
'We are currently in consultation with our key stakeholders in terms how we can manage that particular process.'

There is still much work to do to build inclusive communities - Ramaphosa

26 Jul 2021  / President Cyril Ramaphosa
From the desk of the president.

How likely are we to see persistent, higher US inflation?

26 Jul 2021  / Simon Brown
‘The stuff that's causing it to spike now is not the stuff that's going to ultimately cause us long-term structural inflation problems’: Anchor Capital fund manager Peter Little.

Executive pay and undeserved wealth

26 Jul 2021  / Ann Crotty
The current process for dealing with remuneration-related shareholder dissension is ineffective. Also, thoughts on China’s battle of attrition, and Telkom's departing CEO's legacy.

No easy answers for SA's humanitarian crisis

26 Jul 2021  / Busi Mavuso
Addressing the security situation and structural reforms are now key to whether businesses will have the confidence to rebuild.

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READER'S SAY

  The unraveling of the Anc means that the social unrest has actually just started. As an economic force, South Africa is finished. You cannot treat an economy like this e.g. 14 years of load-shedding with no end in sight, and expect reasonable economic growth....  

  87

  Not a chance unfortunately. As long as we have a clueless Govt. delusionally believing that it knows what it’s doing, first Mango, then Naartjie, then Orange, then Lemon, then Grapefruit Airways will follow suit, as sure as Strawberry are fruit. Please protect us from the ANC....  

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