SAA can be rescued; 50% of co. have taxable income; Tesla tops the decade; Bugatti for Xmas

Loading player...
* There is a reasonable chance that South African Airways can be saved from collapse. That is according to Les Matuson, the business rescue practitioner appointed to assess the prospects of SAA and 10 000 jobs linked to it.
* Almost 50% of companies in South Africa had no taxable income in 2017 while a quarter recorded a taxable loss. That is according to the South African Revenue Service based on its latest 2017/18 data .
* Tesla is the best-performing auto company of the decade. Its 73 billion valuation that is greater than all but Toyota ($230 billion) and Volkswagen ($98 billion) among 38 automakers across the globe.
* Loans for the super wealthy to buy that Bugatti or yacht on MillionPlus.com Learn more about your ad choices. Visit megaphone.fm/adchoices
23 Dec 2019 12PM English South Africa Investing · Business News

Other recent episodes

DA’s Double-Duty Man

South Africa doesn't hear enough from politicians who do the unglamorous work of fixing the state. Jan de Villiers is one of them. The DA MP and chair of Parliament's Portfolio Committee on Public Service and Administration just drove through a landmark law that tightens the firewall between party politics…
17 Apr 8AM 38 min

Elon Musk vs BEE: The explosive debate that could change South Africa forever

From Elon Musk’s Pretoria beginnings to global dominance, this conversation dives into power, policy, and South Africa’s economic crossroads. Solidarity’s Dirk Hermann unpacks the growing backlash against BEE, arguing it stifles jobs, fuels elite enrichment, and deters investment. With pressure mounting from markets, citizens, and international players, is reform inevitable?…
17 Apr 7AM 41 min

South Africa’s wildlife heartland under siege from illegal mining syndicates

Heavily armed illegal mining syndicates are no longer just a problem for abandoned shafts and remote communities. In this interview, De Wet du Toit of the Blyde River Task Force tells BizNews how zama-zama operations linked to foreign criminal networks are threatening South Africa’s water systems, tourism economy and wildlife…
16 Apr 7AM 22 min