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

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* 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

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