Dow Jones index hits milestone – With insights from The Wall Street Journal

Dow Jones index hits milestone – With insights from The Wall Street Journal

Investors across the world sighed with relief and celebrated as the Dow Jones index climbed to a milestone on Tuesday. The Industrial Average hit 30,000 for the first time following news that President Donald Trump was ready to hand over to election-winner Joe Biden. Trump said his ‘aides would coop

  Jarryd Neves
Nobody wants SAA baggage – business rescue practitioner

Nobody wants SAA baggage – business rescue practitioner

A business rescue practitioner for SAA says it needs a partner to manage it, making it sustainable without support from government.While finance minister Tito Mboweni has publicly questioned the need for a national carrier, some argue that SAA is still a viable business, despite years of loss making

  Melani Nathan
Angry SAs speak: ‘Mboweni, Black Friday is coming – sell SAA!’

Angry SAs speak: ‘Mboweni, Black Friday is coming – sell SAA!’

Tito Mboweni recently asked his Twitter followers what should be done about SAA. The Twitterverse was all too happy to respond. Recently, the Democratic Alliance (DA) released a list of former government officials and politicians who have been flying on taxpayers’ backs for the past two years. In fa

  Claire Badenhorst
Crypto assets a step closer to regulation in SA

Crypto assets a step closer to regulation in SA

The FSCA has published a draft declaration in the process of defining and regulating crypto assets as financial products in South Africa.Crypto assets have been monitored by financial sector regulators around the world. The South African Finance Sector Conduct Authority (FSCA) is making strides towa

  Melani Nathan
Eskom debt should be paid with UIF money – ANC

Eskom debt should be paid with UIF money – ANC

The ANC has caused a stir proposing that money from the national Unemployment Insurance Fund be 'invested' in Eskom's massive debt.South Africans were outraged when government proposed using pension fund money to bail out failing state-owned enterprises. Now the ANC wants to take money from the Unem

  Melani Nathan
Cash-flush Prosus, owned by Naspers, is hunting for companies to buy

Cash-flush Prosus, owned by Naspers, is hunting for companies to buy

Prosus says it has done well during the pandemic and has $4.3 billion in cash. It is on the lookout for investment opportunities.Prosus released its interim results for the six months to September and says it has been given a boost during the pandemic. Revenues increased 32% to US$12.7bn with strong

  Melani Nathan
SA braces for pain: govt warns two ratings downgrades will hit economy, jobs

SA braces for pain: govt warns two ratings downgrades will hit economy, jobs

In a sombre assessment of how two ratings downgrades will impact on South African citizens, the National Treasury has warned that this will feel like the smack from Covid-19 shutdowns. Businesses will take more strain, putting them under pressure to shed jobs. ‘Operational costs together with borrow

  Jackie Cameron
Angry SAs speak: ‘We’re tired of your antics, Zuma. Face the music!’

Angry SAs speak: ‘We’re tired of your antics, Zuma. Face the music!’

Feeling the heat at the Zondo Commission, Jacob Zuma seems to be grabbing at straws. The BizNews community has had enough, though.No doubt feeling the heat at the Zondo Commission of Inquiry, erstwhile president Jacob Zuma seems to be grabbing at several straws. No less than 34 witnesses have implic

  Claire Badenhorst