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Moneyweb
Happy Friday John
Fri, 2 June 2023
Week's top stories
No more mandatory rotation of audit firms in SA
No more mandatory rotation of audit firms in SA
Amanda Visser
Supreme Court of Appeal finds promulgation of the rotation rule 'ultra vires'.
New international airport planned for the Vaal
New international airport planned for the Vaal
Tinus de Jager
Citibank pledges R1.4bn for Phase 1, which includes a runway, a passenger terminal, and a cargo terminal development beside the Vaal River – MTP Aviation Solutions CEO Petko Atanassov.
When an IPP, electricity trader and 20 business owners join forces …
When an IPP, electricity trader and 20 business owners join forces …
Moneyweb
Ambitious project in the Eastern Cape is shovel-ready but hobbled by lack of wheeling tariffs.
Biggest losers: These 26 stocks are down over 20% this year
Biggest losers: These 26 stocks are down over 20% this year
Moneyweb
A who’s-who of mostly mid-caps, plus five JSE Top 40 shares …
Beer boycott sees AB InBev slump $25bn
Beer boycott sees AB InBev slump $25bn
Adriaan Kruger
US consumers still avoiding Budweiser after marketing disaster with transgender man.
SA’s top-run municipalities are Midvaal and Saldanha Bay
SA’s top-run municipalities are Midvaal and Saldanha Bay
Ciaran Ryan
There’s a huge gulf between the best and the worst performers, according to Ratings Afrika – and the overall trend is in the wrong direction.
Sarb sounds alarm on threat of sanctions
Sarb sounds alarm on threat of sanctions
Adelaide Changole, Bloomberg
The central bank has warned that South Africa's financial system will be unable to function if its ability to make international payments in dollars is impeded.
Eskom's new gas power station gets green light
Eskom's new gas power station gets green light
Moneyweb
But how to do it debt-free?
Rand hits fresh record low as risks stack up
Rand hits fresh record low as risks stack up
Colleen Goko, Bloomberg
The rand dropped as much as 1% to R19.87 per dollar, making it the worst performer this month among emerging markets.
Developers of The Leonardo ordered to pay Aveng R81m
Developers of The Leonardo ordered to pay Aveng R81m
Roy Cokayne
But dispute the decision, which now goes to arbitration.
Simon’s weekly wrap: Where is the property market at?
Podcast brought to you by STANLIB
Simon’s weekly wrap: Where is the property market at?
Simon Brown
This week MoneywebNOW looked at economies versus markets, Bitcoin's bumper year and the impact of high interest rates on the property market.
'More leadership, less hubris will fix SA'
The FixSA Pod
'More leadership, less hubris will fix SA'
Jeremy Maggs
Do not allow someone to stumble into leadership. Leadership is the single biggest problem to fix in this country – Professor Jonathan Jansen, University of Stellenbosch.
Week's top podcasts
RADIO »    PODCASTS »
Radisson’s African hotel investment safari
Radisson’s African hotel investment safari
Property
Mr Market is always right
Mr Market is always right
SAFM Market Update
The great forex rip-off
The great forex rip-off
MoneywebNOW - Brought to you by STANLIB
Jacob’s Jam: A story about how resilience pays off
Jacob’s Jam: A story about how resilience pays off
Small Business Conversations
Tsogo Sun Gaming now owns almost 10% of City Lodge
Tsogo Sun Gaming now owns almost 10% of City Lodge
MoneywebNOW - Brought to you by STANLIB
Unemployment crisis makes easy prey of desperate South Africans
Unemployment crisis makes easy prey of desperate South Africans
Moneyweb@Midday
DStv moet kyk wat Youtube doen
DStv moet kyk wat Youtube doen
RSG Geldsake
Investors remain rattled over rand risk
Investors remain rattled over rand risk
SAFM Market Update
'Diplomatic immunity does not mean Putin can escape ICC warrant'
'Diplomatic immunity does not mean Putin can escape ICC warrant'
Moneyweb@Midday
Using blockchain and the Airbnb model to unlock home ownership in Africa
Using blockchain and the Airbnb model to unlock home ownership in Africa
Moneyweb Crypto
From our Advisors
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Weekly Wrap-up
Reviewing your life cover: here’s what to consider
Gareth Collier - Crue Invest (Pty) Ltd
An annual review of one’s life cover is advisable to ensure that your risks are duly mitigated.
Weekly Wrap-up
Can ChatGPT predict the stock market?
Tiaan Herbst - The Southern African Advisory Company [SAAC]
A ground-breaking study investigates.
Weekly Wrap-up
Are active fund managers quasi-index trackers?
Marius Fenwick - WealthUp (Pty) Ltd
And who holds the trump card?
Ask an advisor
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SUBMIT A QUESTION »
Can a company reconsider whether a beneficiary should get funds from a living annuity?
In the case of a living annuity the investment provider is obliged to honour the beneficiary nomination on record – but make sure it is not another type of annuity.
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Depending on the fund value of the investment, it may be possible to manage your annual taxation either within your exemptions or close to it.
Top comment
TRENDING »  SUBSCRIBE »
AndrewGrieveson: “If Eskom builds this it will be another Medupi/ Kusile . 300 % over budget and 10 years behind schedule. Contract the best guys in the world to fund and build it . You can then buy electricity back from them . Much cheaper in the long run . Your balance sheet is also unaffected.”
142 votes On story: Eskom’s new gas power station gets green light
Top viewed companies
JSE SEARCH »
1Sasol Ltd. »
2Thungela Resources Ltd. »
3The SPAR Group Ltd. »
4Sibanye Stillwater Ltd. »
5Transaction Capital Ltd. »
6Steinhoff International Holdings N.V. »
7Renergen Ltd. »
8Tiger Brands Ltd. »
9MTN Group Ltd. »
10Capitec Bank Holdings Ltd. »
Latest indicators
MORE »    ALL DATA TOOLS »
Current Value 7 Day 1 Month 3 Months 6 Months
JSE ALSI
77,319.17
02 Jun, 15:41
0.21 %
-2.26 %
-2.27 %
1.96 %
Industrial 25
105,444.28
02 Jun, 15:42
-0.91 %
-2.00 %
-0.64 %
12.41 %
Financial 15
14,757.72
02 Jun, 15:42
-1.01 %
-5.91 %
-11.22 %
-4.99 %
Resource 10
70,551.46
02 Jun, 15:41
3.63 %
1.02 %
4.34 %
-6.83 %
Top 40
72,180.22
02 Jun, 15:42
0.46 %
-1.71 %
-1.30 %
3.54 %
Current Value 7 Day 1 Month 3 Months 6 Months
USDZAR
R 19.46
02 Jun, 15:50
1.99 %
6.84 %
7.96 %
12.17 %
GBPZAR
R 24.36
02 Jun, 15:50
3.29 %
6.84 %
13.16 %
14.25 %
EURZAR
R 20.92
02 Jun, 15:50
2.05 %
4.02 %
9.61 %
14.47 %
AUDZAR
R 12.89
02 Jun, 15:50
2.39 %
4.84 %
5.36 %
8.49 %
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