MoneywebNOW with Simon Brown

The latest in business and financial news in our new morning livestream and podcast.

Should I withdraw my investments to invest in RSA retail savings bonds?

3 Jun 2020  / Craig Torr
You may find that your asset allocation in your current unit trust is appropriate to support your long-term needs....

Mediclinic’s share price up, despite doubling FY losses

3 Jun 2020  / Suren Naidoo
Covid-19 uncertainty sees group suspending second half dividend pay-out for the first time.

Domestic flights continue operations at Level 3

2 Jun 2020  / Nompu Siziba
The new regulation allows only for limited national flights and, for FlySafair to operate is ‘frankly, a bit of a gamble’: chief marketing officer Kirby Gordon.

High court says some lockdown restrictions invalid

UPDATE
2 Jun 2020  / Emma Rumney, Reuters
Government has 'taken note' of the judgment.

SA regulator revives 5-year-old rand-rigging case

UPDATE
2 Jun 2020  / Jacqueline Mackenzie and Roxanne Henderson, Bloomberg
This follows the Competition Appeal Court ruling which ordered that a new charge sheet be filed.

Eastern Cape overtakes Gauteng in confirmed Covid-19 cases

2 Jun 2020  / Suren Naidoo
The Western Cape is still the epicentre of the pandemic in SA, with 23 583 cases.

FNB really wants you to draw cash at tills

2 Jun 2020  / Hilton Tarrant
And keeps all monthly account fees unchanged.

Local or offshore equities?

2 Jun 2020  / Peter Takaendesa
Selecting well-capitalised good quality stocks at reasonable prices is likely to be a good strategy.

Should you invest a lump sum all at once, or over time?

2 Jun 2020  / Stealthy Wealth
While the answer seems clear, there are other factors like your risk appetite to consider.

How do I finance a property I technically own?

2 Jun 2020  / Devon Card
A secured loan may be the option for you....

Alcohol purchasing surges amid pandemic

2 Jun 2020  / Melitta Ngalonkulu
Consumers worry government might make a U-turn on its decision to lift the sales ban.

Orthotouch: Administrative error led to 'false perception of impropriety'

2 Jun 2020  / Ryk van Niekerk
However, documents submitted to the deeds office reflect accurate amounts.

Financial sector executives are getting richer

2 Jun 2020  / Ann Crotty
While investors and savers get poorer. A look at PSG, Coronation, Trencor and more.

'Unprecedented' increase in roadworks tenders

2 Jun 2020  / Roy Cokayne
Bids for projects totalling R25bn invited so far this year, says Raubex.

Disaster looms as virus robs resources from Africa’s older ills

2 Jun 2020  / Pauline Bax and Antony Sguazzin, Bloomberg
A quiet and deadly health catastrophe is brewing in Africa.

Joburg prepaid electricity customers in for a shock

1 Jun 2020  / Moneyweb
A household could see an increase of almost 50% as the city works to level pre- and post-paid charges.

Moyo loses out on multi-million rand payment

1 Jun 2020  / Ann Crotty
Following legal battle with Old Mutual.

South Africa’s Covid-19 deaths surpass 700

1 Jun 2020  / Suren Naidoo
Confirmed active cases top 17 000-mark.

May PMI rises as economic activity increases

1 Jun 2020  / Nompu Siziba
Economist Miyelani Maluleke says Absa’s house view baseline is that SA ‘would probably see GDP contract by 9.7% this year’.

Liberty Two Degrees to write off remaining R17.5m Edcon stake

1 Jun 2020  / Suren Naidoo
Full impairment comes after it initially pumped in around R25m as part of rescue effort.

Draft reveals new airline's cost breakdown

UPDATE
1 Jun 2020  / Tebogo Tshwane
Leaked rescue plan not yet approved - SAA business rescuers.

Alexkor, another broken SOE

1 Jun 2020  / Barbara Curson
Forensic report exposes maladministration on a gargantuan scale.

Treasury to look into Jenitha John's Irba appointment

1 Jun 2020  / Ann Crotty
It shouldn't need to, but this is what it has come to.

No thanks, say informal-sector entrepreneurs to easy loans offer

1 Jun 2020  / Ciaran Ryan
Government's precondition is to register for tax and UIF.

Covid-19 recovery will take years – Tsogo Sun Hotels CEO

UPDATE
1 Jun 2020  / Suren Naidoo
March was 'a catastrophe', with the start of lockdown resulting in the total closure of its portfolio.

Four charts showing how April lockdown hurt SA’s economy

1 Jun 2020  / Rene Vollgraaff, Bloomberg
As the country moves to Level 3.

5 slices of bread and willing participants in their own torture

1 Jun 2020  / Cathy Buckle
The latest letter from Zimbabwe...

Rand firms as coronavirus lockdown eases

1 Jun 2020  / Olivia Kumwenda-Mtambo, Reuters
Local currency at R17.36 to the dollar in early trade.

Rand’s speedy recovery rally caught some traders by surprise

1 Jun 2020  / Colleen Goko, Reuters
The rand has strengthened, while analysts keep forecasting a decline.

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READER'S SAY

  1

  Moneyweb, your headlong is incorrect! Badly too; it's not "some" regulations that are invalid, it's ALL of Level 3 and 4 regulations! Look again at the judgement........  

  130

  Our ministers and president can travel First class on one-way tickets to Iraq....  

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