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 Edge | Piet le Roux: ICASA, Starlink and the true cost of BEE

To sell internet access in South Africa, you first have to show ICASA the race of your shareholders. Sakeliga has now taken the regulator to the Pretoria High Court, but, oddly, not to scrap the 30% black-ownership rule. Chief executive Piet le Roux told Alec Hogg why he chose the…
13 Nov 6AM 28 min