Santam war with clients; Covid-19 vaccine shows promise; Prosus may lose EBay deal; Curro; Denel

Loading player...
In today's news headlines:
* Financial services group Santam is at war with its clients, with anger growing over its refusal to pay up for business interruption insurance.
* The Covid-19 vaccine in development by the University of Oxford is showing progress in the high-stakes pursuit to defeat the deadly disease.
* Prosus, spun out of Naspers, has a competitor for the Ebay classified business, with Ebay reportedly nearing an agreement to sell its classified advertising unit to Norwegian online marketplace Adevinta ASA.
* Shareholders in private schooling group Curro have voted in favour of a proposed R1.5bn rights offer.
* Denel chief executive is to step down. Learn more about your ad choices. Visit megaphone.fm/adchoices
20 Jul 2020 1PM English South Africa Investing · Business News

Other recent episodes

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up…
25 Jun 7AM 9 min

The BizNews Edge: Nedbank, Grindrod and the coal stock no one was watching

Nedbank confirmed its guidance this morning, and its East Africa deal is weeks from closing - a transformation most investors are still underpricing. Grindrod's Port of Maputo posted extraordinary volumes, but the share may already be priced for perfection. A small coal miner no one follows just disclosed an 1,800%…
24 Jun 8AM 26 min