Tesla overtakes Toyota as the world’s most valuable automaker

Tesla displaced Toyota as the world’s most valuable automaker, underscoring investor enthusiasm for a company trying to transform an industry that’s relied on internal combustion engines for more than 130 years. Shares... Read more »

Old Mutual’s share price is key focus in Zimbabwe’s currency war

The share price of one of Africa’s oldest insurers is taking centre stage in Zimbabwe’s battle to bring order to its chaotic foreign-exchange system. In the latest in a series of attempts... Read more »

Hoteliers plead for Covid-19 business interruption insurance payouts

Battle lines have been drawn in a David and Goliath clash between distressed tourism and hospitality businesses and insurance giants over the non-payment of Covid-19 business interruption insurance claims. But, on Wednesday,... Read more »

Are the fees charged by testamentary trustees legislated?

What are the functions of trustees of testamentary trusts? Are the fees charged legislated? What constitutes a dereliction of duty?    I will start my answer by providing some background to trusts... Read more »

Michael Kors owner Capri estimates 70% plunge in first-quarter revenue

INTERNATIONAL – Michael Kors owner Capri Holdings on Wednesday estimated a bigger-than-feared 70 percent slump in first-quarter sales as the Covid-19 pandemic hammers demand for its luxury handbags and dresses. The closing... Read more »

South Africa’s economy probably shrank by a third in pandemic

South Africa’s economy probably contracted more than 30% in the second quarter when restrictions to curb the spread of the coronavirus shuttered almost all activity for five weeks, according to central bank... Read more »

TBCSA wants Mboweni to intervene on Covid-19 insurance claims

The boss of the Tourism Business Council of South Africa (TBCSA), Tshifhiwa Tshivhengwa, has appealed to Finance Minister Tito Mboweni and government to intervene in the tourism industry’s dispute with insurance companies... Read more »

What is the maximum I can increase my monthly pension payout to?

I went on early retirement four years ago and took one-third tax-free, which I invested. Now my monthly pension is no longer enough. Is there a maximum to which I may increase... Read more »

Vukile boss plays down pandemic pressure on property valuations

Laurence Rapp, CEO of Vukile Property Fund, does not believe the Covid-19 pandemic will have a significant long-term impact on South African commercial property values. During a media briefing on Vukile’s full-year... Read more »

Gold heads for biggest quarterly gain since 2016 on virus woes

Gold headed for the biggest quarterly advance since 2016 amid a surge in demand for haven assets due to the coronavirus outbreak, which shows no signs of abating. Bullion has been rising... Read more »

Stock futures drop; dollar advances; oil declines: markets wrap

US and European stock futures dipped and the dollar advanced amid concerns about fresh localised lockdowns in response to stubborn outbreaks of the coronavirus. Australia’s dollar erased gains and turned lower after... Read more »

Havens help Johannesburg stocks surge to best quarter since 2001

South African stocks are about to round off their strongest quarter in almost two decades, and the influence of the coronavirus pandemic is clear to see in the shares most responsible for... Read more »

Tesla shares top $1 000 again on Musk’s break-even optimism

Tesla’s stock price climbed back above $1 000 after chief executive officer Elon Musk suggested the electric-car maker may be able to avoid a second-quarter loss. “Breaking even is looking super tight,”... Read more »

Are RSA retail bonds an option for a pensioner requiring monthly income?

Could you please give your opinion on investing in RSA saving bonds as a pensioner requiring a monthly income? I am 77 years old and the five-year interest rates look very competitive.... Read more »

This is how Section 12J projects benefit SMEs

Financial advisors were quick to recognise the benefits of the attractiveness of Section 12J investments, but they are also proving quite beneficial for small and medium-sized enterprises (SMEs) – and not just... Read more »

Redefine’s ‘Brexit’ and Australian exit to unlock R7.7bn

Redefine Properties is set to make headway in lowering its debt or loan-to-value (LTV) ratio following two major offshore disposals, which total R7.7 billion and will see the JSE-listed real estate fund... Read more »

Nissan to launch seven models in Africa to pursue growth

INTERNATIONAL – Nissan Motor Co aims to launch seven new models in Africa over the next two years, company executives said on Monday, as the Japanese automaker seeks to focus on high-growth... Read more »

Gold holds within sight of $1,800 as infections top 10 million

Gold steadied near $1,800 an ounce — a level last seen at the end of 2011 — as investors weighed the accelerating coronavirus spread in the US against tentative signs of economic... Read more »

Europe stocks, US futures edge up; dollar dips: markets wrap

European stocks edged higher along with S&P 500 futures as investors weighed scattered signs of economic improvement against the accelerating spread of the coronavirus in the US, Brazil and India. Auto shares... Read more »

Runaway debt risks sending SA over a fiscal cliff, warn Fitch and Moody’s

FITCH says the government’s intention to stabilise debt levels within four years is unlikely to be achieved, while Moody’s says the supplementary Budget failed to usher in reforms that could place the... Read more »

What to watch in commodities: winners and losers in second half

With the second half starting this week, investors are weighing up the outlook for commodities over the balance of the year and trying to identify winners and losers as the coronavirus pandemic... Read more »

Reckoning looms for emerging markets as economic clouds darken

A disconnect is growing in emerging markets, which have rarely faced such dire economic conditions and yet whose assets are about to round out their best quarter in a decade. The MSCI... Read more »

Gold edges closer to $1 800 as virus cases surpass 10m

Gold futures edged closer toward $1 800 an ounce — a level last seen at the end of 2011 — as demand for haven assets surged amid concerns over rising coronavirus infections.... Read more »