Asset magazines
issue84
Asset News Hub
2020-08-08 22:56:00.0
Google’s Fitbit deal probed by EU amid health-data fears
Google faces a lengthy European Union probe into its $2.1 billion takeover of Fitbit Inc. amid concerns about how health data could strengthen the search giant’s power in online advertising. The EU wi...
Asset News Hub
2020-08-08 22:34:00.0
Coronavirus: Using crowd simulation to encourage social distancing
As Europe faces a resurgence of coronavirus, having loosened strict lockdowns, one of the most important policy questions is how people can safely social distance in crowded places. Our ability to ac...
Asset News Hub
2020-08-08 22:30:00.0
Five ways to reboot the global food economy to make it healthier for all
Covid-19 has shown how damaging ill-health can be for the economy. But it has also shown how measures that benefit health (lockdowns) can be seen as bad economic prosperity. A similar paradox is at ...
Asset News Hub
2020-08-08 14:56:00.0
World leaders to hold Lebanon Aid Conference on Sunday
Global leaders will participate in an international aid conference on Sunday to support Lebanon. The video-conference will be co-hosted by French President Emmanuel Macron and the United Nations. Alli...
Asset News Hub
2020-08-08 13:52:00.0
Windows, Gates and a firewall: Microsoft's delicate castle in China
Microsoft, which is in talks to buy part of Chinese video app TikTok, is one of the few US tech titans that have managed to succeed in China. The software giant has kept its business alive in the coun...
Asset News Hub
2020-08-08 13:13:00.0
Berkshire bought back record $5bn of stock last quarter
Warren Buffett’s Berkshire Hathaway Inc. spent a record $5 billion buying back Berkshire’s own stock in the second quarter. Berkshire’s Class A shares, which fell in line with the S&P 500 in the first...
Asset News Hub
2020-08-08 13:09:00.0
China dominates did for Africa’s largest dam
Chinese and Spanish developers that want to build Africa’s biggest hydropower plant in the Democratic Republic of Congo agreed to form a single consortium in an accord the country says is a key step t...
Asset News Hub
2020-08-08 13:06:00.0
Covid’s spreading fast because billions don’t have water to wash
‘The chronic underinvestment has left billions vulnerable and we are now seeing the consequences’ – UN-Water Chair. A severe household water shortage facing two out of five people in the world is unde...
Asset News Hub
2020-08-08 13:02:00.0
Elon Musk sued by Tesla twitter critic for defamation
Tesla Inc. Chief Executive Officer Elon Musk is accused in a lawsuit of defaming a long-time critic of the company and triggering an online hate campaign against him. Randeep Hothi, a University of M...
Asset News Hub
2020-08-08 12:55:00.0
Support for women informal workers is urgent
Early in the COVID-19 pandemic, the International Labour Organisation predicted that measures to curb the spread of the disease would disproportionately affect women workers. This has certainly turne...
Asset News Hub
2020-08-08 12:40:00.0
MTN considers sale of stake in Iran ride-hailing app Snapp
MTN Group is considering selling its stake in Iran’s ride-hailing app Snapp as it trims its e-commerce portfolio and plans an exit of the Middle East. While Snapp retains top spot in Iran’s ride-haili...
Asset News Hub
2020-08-08 11:59:00.0
NUMSA vows to fight essential service application in petroleum
National Union of Metalworkers of South Africa said it is part of arbitration at the Commission of Conciliation, Mediation and Arbitration to determine if workers in petroleum should constitute an ess...
Asset News Hub
2020-08-08 05:01:00.0
MONEY CLINIC | Under debt review, I paid 99.9% of my debt - but then there's that 0.1%
A Fin24 reader eager to pay off his debt and be unlisted from debt review seeks answers as to why there are conflicting accounts from the attorney and the creditor on how much he owes. I have been und...
Asset News Hub
2020-08-08 04:19:00.0
Wirecard suspected of lending to partner firms before collapse
German prosecutors suspect Wirecard extended large loans to partner companies before its implosion in June, at a time when the payments company was already facing media reports alleging accounting fra...
What you should consider before buying a newly constructed house?
I sold my first newly constructed house in 1994 and it was the easiest home sale I ever did. However, in 26 years, I’ve learned A LOT and things have changed A LOT. What I’ve seen the most is how sa...
Asset News Hub
2020-08-07 22:23:00.0
Vaccine confronts humanity with next moral test
The coronavirus pandemic has stress-tested the world. Beyond challenging human fortitude, national health services and international rivalries, it has forced a series of moral choices. Many have pro...
Asset News Hub
2020-08-07 22:15:00.0
As stock research world shrinks, more firms pay to be covered
With demand growing, the purveyors of what’s known as ‘sponsored research’ reject critics who say they’re doing little more than selling advertising. In the incredible shrinking world of brokerage res...
Asset News Hub
2020-08-07 22:11:00.0
The pandemic workday is 48 minutes longer and has more meetings
We log longer hours. We attend more meetings with more people. And, we send more emails. From New York City to Tel Aviv, the telecommuting revolution has meant a lot more work, according to a study ...
Asset News Hub
2020-08-07 22:01:00.0
The world’s hottest stock is a money-losing tech giant soaring 880%
It gets far less attention than Tesla, the FAANGs or even the Robinhood flavour of the week. Yet Sea Ltd. has quietly become the world’s best-performing large-cap stock, stoking a debate on Wall Stree...
Asset News Hub
2020-08-07 19:01:00.0
INTERVIEW | Cashbuild's biggest acquisition in eight years marks a major shift in strategy
Cashbuild is acquiring Pepkor's The Building Company for R1 biillon. Cashbuild CEO Werner de Jager has described the acquisition as exciting and daunting. The TBC acquisition will make Cashbuild the b...
Asset News Hub
2020-08-07 18:24:00.0
OPINION | The first deadly sin of investment bias - and how it could be costing you
Biases, argues Hannes Viljoen, are deadly in investment decision-making – yet many of us have them. The first of seven common biases is recency or availability bias, which refers to the brain's tenden...
Asset News Hub
2020-08-07 17:23:00.0
South Africa tries to recover over R400m from SAP for 'unlawful' contracts
South African investigators are seeking to recover more than R400 million from German software firm SAP over two allegedly unlawful government contracts. Investigators say those contracts should be de...
Asset News Hub
2020-08-07 17:12:00.0
Kganyago-led Reserve Bank and VBS shareholders agree on possible new banking licence
The South African Reserve Bank agrees with VBS Mutual Bank shareholders on a process and criteria for new banking license. Shareholders agreed that any interest in banking activities similar to VBS wo...
Asset News Hub
2020-08-07 16:45:00.0
Air India 737 overshoots runway, breaks apart trying to land
An Air India Express plane carrying 191 passengers and crew overshot the runway attempting to land at a southern Indian airport, coming to rest in a nearby valley and breaking in two. The Boeing Co 73...
Asset News Hub
2020-08-07 16:41:00.0
Africa surpasses 1m coronavirus infections
Africa surpassed one million coronavirus infections, accounting for about 5% of global cases, on Friday, according to the Africa Centres for Disease Control and Prevention. Health officials have recor...
Asset News Hub
2020-08-07 14:51:00.0
WATCH | Bezos sells Amazon shares worth $3.1 billion
Amazon.com Jeff Bezos sold shares worth $3.1 billion in the e-commerce company in recent days, regulatory filings showed on Wednesday.
Asset News Hub
2020-08-07 13:47:00.0
Zimbabwe weighs plan to sell land-settlement bond on new bourse
Zimbabwe is considering a plan to sell part of a $3.5 billion bond to settle a dispute over the seizure of White-owned commercial farms on a new exchange in Victoria Falls. “It will be interesting to ...
Asset News Hub
2020-08-07 13:44:00.0
Berkshire Hathaway showing signs of an appetite
Warren Buffett’s Berkshire Hathaway Inc. is finally showing a bit more of an appetite. Buffett’s conglomerate began putting more of its $137 billion cash pile to work after a period of relative silenc...
Asset News Hub
2020-08-07 13:42:00.0
US-China tensions send Asia markets tumbling
A new China-US flare-up sent markets tumbling Friday, while the mood was also soured by US lawmakers' struggles to agree on a new economic stimulus - all against a backdrop of surging virus infections...
Asset News Hub
2020-08-07 13:36:00.0
US jobs growth tops estimates as rebound grinds on
The US labor market continued to regain ground in July, though at a slower pace, indicating the economic rebound is still making headway despite a surge in coronavirus infections. Payrolls increased b...
Asset News Hub
2020-08-07 13:36:00.0
Denel tells unions it can’t honour court ruling on salaries
South Africa’s struggling state defence firm Denel told trade unions on Friday that it cannot honour a court ruling that it should pay outstanding salaries by Friday, a letter from Denel’s lawyers to ...
Asset News Hub
2020-08-07 13:18:00.0
SA tries to recover over R400m from SAP for ‘unlawful’ contracts
South African investigators are seeking to recover more than R400 million from German software firm SAP for two government contracts they allege were entered into unlawfully, court documents seen by R...
WATCH | How Trump's bans on TikTok, WeChat escalate tensions with Beijing
President Donald Trump on Thursday unveiled sweeping bans on Chinese-owned apps TikTok and WeChat in a major escalation of tensions with Beijing.
Asset News Hub
2020-08-07 13:01:00.0
Trump's WeChat ban could wreak havoc on global business - not just Tencent
Banning WeChat, the world’s most-used messaging app, has the potential to upend the international businesses of companies from Apple to Walmart and shut down personal communications between America an...
Asset News Hub
2020-08-07 12:18:00.0
PIC appoints acting CIO
The Public Investment Corporation (PIC) has appointed Sholto Dolamo as its acting Chief Investment Officer (CIO). Dolamo first started working at the PIC in 2014 as a portfolio manager. In 2015 he wa...
Asset News Hub
2020-08-07 10:20:00.0
Lewis Group's merchandise sales drop by close to a third during first quarter
Furniture retailer the Lewis Group says merchandise sales for the three months to end June 2020 fell more than 30% due the Covid-19 pandemic and the nationwide lockdown. South Africa's nationwide loc...
Asset News Hub
2020-08-07 08:55:00.0
SA stocks plunge as Tencent fall hits Naspers and Prosus
Read: Tencent plunges after Trump’s WeChat order threatens business. Naspers holds a 31% stake in WeChat’s owner, Tencent Holdings, which plunged as much as 10% in Hong Kong. Naspers subsidiary Prosu...
Asset News Hub
2020-08-07 08:00:00.0
Mboweni gives municipalities 2-month reprieve to submit financial statements
Minister of Finance Tito Mboweni has given South Africa's 278 municipalities and their municipal entities a two-month extension to submit their annual financial statements in light of the Covid-19 pan...
Asset News Hub
2020-08-07 08:00:00.0
Zimbabwe may offer insurance to investors in new stock market
Zimbabwe shut down its stock market. Now it’s hoping to entice investors to a new exchange with a plan to package equity purchases with political-risk cover. The government is said to be getting behi...
Asset News Hub
2020-08-07 07:50:00.0
Sarb cuts bond buys to R2.5bn in July
The South African central bank further cut its government bond purchases in July, buying R2.5 billion worth, or half the amount it bought in June, to bring its total holdings to R38.4 billion, data sh...
Asset News Hub
2020-08-07 07:45:00.0
Eskom pact won’t include pledge to use state worker pensions
A pact between South Africa’s government, labor unions and business to cut the debt of the stricken national power utility won’t include a pledge to use the pensions of state workers as had been initi...
Asset News Hub
2020-08-07 07:37:00.0
Lewis Group flags annual earnings drop of up to 37%
South African retailer Lewis Group on Friday flagged that annual earnings could fall by as much as 37%, after an increase in debt servicing costs, the financial impact of lost trading days and an impa...
Asset News Hub
2020-08-07 06:58:00.0
Traders gird for more market swings after Trump’s WeChat ban
US President Donald Trump’s move to ban WeChat and TikTok roiled Asian markets and hit some of the highest profile technology stocks in the region. Shares of WeChat operator Tencent Holdings plunged a...
Asset News Hub
2020-08-07 06:50:00.0
South Africa’s net foreign reserves rose to $48.1bn in July
South Africa’s net foreign reserves rose to $48.114 billion in July from $45.738 billion in June, the Reserve Bank said on Friday. Gross reserves increased to $57.876 billion from $52.320 billion. Th...
Asset News Hub
2020-08-07 06:29:00.0
Silver loses shine in top buyer as prices rocket to record high
Imports of the metal by India have fallen 47% in the first half of 2020. Silver consumption in India is set to halve in 2020 as buyers, mainly from rural areas, skip purchases amid surging prices and ...
Asset News Hub
2020-08-07 06:12:00.0
Zimbabwe may offer insurance to investors in new stock market
Zimbabwe shut down its stock market and then ejected the continent’s oldest insurer from the bourse. Now it’s hoping to entice investors to a new exchange with a plan to package equity purchases with...
Asset News Hub
2020-08-07 05:00:00.0
20 Super-Awesome Infographics to Inspire Your Content Marketing
According to Google, searches for the term “infographic” have increased over 800% in the last two years. To date, there are 79,000,000 search results on Google for “infographic.”. Consumers like them...
Asset News Hub
2020-08-07 04:31:00.0
Tencent plunges after Trump’s WeChat order threatens business
Tencent Holdings dived after an executive order by US President Donald Trump threatened to stifle its global business. The shares slid as much as 7.7% in Hong Kong, its biggest intraday decline since ...
Asset News Hub
2020-08-07 04:24:00.0
Mark Zuckerberg reaches centibillionaire status
Mark Zuckerberg’s net worth passed $100 billion for the first time Thursday after Facebook Inc. hit a record high on optimism about the release of its TikTok competitor Reels. The 36-year-old joins fe...