BizBriefing: Santam hospitality insurance blow; excon lifts for ETFs; CR speaks to Biden; Tesla soars

Loading player...
* In a massive victory for the thousands of smaller hospitality and tourism businesses forced to shutdown in the Covid-19 lockdowns, the Western Cape High Court judgment has ordered insurance giant Santam to pay a hotel group’s claims in full plus legal costs
* President Cyril Ramaphosa has had a call with US President-Elect Joe Biden on Tuesday evening, 17 November 2020, during which the leaders discussed ways to strengthen US-Africa relations and overcome the COVID-19 pandemic.
* An offshore cap has been lifted for Exchange Traded Funds, removing one of the biggest drivers of financial emigration.
* South Africa-born tech giant Elon Musk's net worth jumped more than $15 billion after it was announced that Tesla would join the S&P 500, which would push him past Mark Zuckerberg to become the world’s third-richest person. Learn more about your ad choices. Visit megaphone.fm/adchoices
18 Nov 2020 9AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak Fri 16 Jan: Trump’s Nobel “Medal”; Farmers boo Steenhuisen; ASML jumps

In this episode of BizNews Daybreak, Alec Hogg covers the intersection of high-stakes global politics and critical local challenges: Trump’s Nobel Moment: Venezuelan opposition leader Maria Corina Machado presents her Nobel Peace Prize medal to Donald Trump at the White House, calling him the “heir to Washington”. US-Taiwan Trade Deal:…
15 Jan 11PM 18 min

BN Daybreak Thurs 15 Jan: Abedian on SA Silence about “21st Century Nazis”; Mining Indaba's back story; Sasol Surges

In this morning's briefing, Alec Hogg unpacks a volatile geopolitical landscape where conflicting reports emerge from Iran—Donald Trump claims de-escalation while internal memos suggest mass casualties. We speak to Iranian-born and bred entrepreneur and former UCT Economics Prof Iraj Abedian, who delivers a scathing critique of the South African government's…
14 Jan 11PM 17 min