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SA renewables firms look for debt savings to lower tariffs

16 Jul 2020 /  Alexander Winning, Reuters  
The government opened talks with the renewable energy sector last year to try to secure cheaper electricity to support the flagging economy.

Twitter hack hits Obama, Biden, Musk in bitcoin scam

16 Jul 2020 /  Sarah Frier and Kartikay Mehrotra, Bloomberg  
“Tough day for us at Twitter,” Dorsey wrote.

Total Mozambique LNG completes nearly $16bn financing

16 Jul 2020 /  Paul Burkhardt and Matthew Hill, Bloomberg  
Mozambique LNG will generate about $50 billion in revenue for Mozambique’s government over 25 years, according to Total.

Two biggest diamond miners barely sold any stones last quarter

16 Jul 2020 /  Thomas Biesheuvel  
The pandemic has devastated the diamond world.

TFG prices rights issue at 40.6% discount

16 Jul 2020 /  Nqobile Dludla, Reuters  
The discount is to the prevailing 30-day volume-weighted average price of TFG shares as at 15 July.

SA’s foreign direct investment inflows rise to $1.7 bln in Q1

16 Jul 2020 /  Mfuneko Toyana, Reuters  
South Africa saw aggressive selling of government bonds in March and April as the novel coronavirus struck.

Rand slips as weak China data overshadows vaccine hope

16 Jul 2020 /  Mfuneko Toyana, Reuters  
'The rand is trading on the back foot as demand for the USD recovered overnight,' market economists at ETM Analytics said in a note.

Heineken profit plunges as lockdowns pummel sales at bars

16 Jul 2020 /  Thomas Mulier, Bloomberg   
Brewer reports 53% decline in first-half earnings.

Anglo sticks to most 2020 output targets despite second quarter Covid-19

16 Jul 2020 /  Zandi Shabalala, Reuters   1
Anglo said it was ramping up production and operating at about 90% total capacity by the end of June from around 60% in April.

Move Eskom debt to state balance sheet, says ex-Goldman head

16 Jul 2020 /  Prinesha Naidoo   1
'That would close the credit spread between the cost of borrowing for the government and Eskom.'

IMF warns small- and mid-sized business bankruptcies may triple

16 Jul 2020 /  Eric Martin, Bloomberg   
In the absence of sufficient government support.

Decade of the dollar at imminent risk as uptrend break looms

16 Jul 2020 /  Cormac Mullen and Ruth Carson, Bloomberg  
'Normally we find that the dollar tends to weaken during periods of global economic recovery.'

Amplats platinum output fell 41% in second quarter

16 Jul 2020 /  Tanisha Heiberg, Reuters  
Total PGM production for the quarter was 665,100 ounces, Amplats said.

Tesla shares take a breather after historic run

16 Jul 2020 /  Esha Dey, Reuters   1
Share down as much as 3.9% on Wednesday.
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