Flash Briefing: Covid slashes SA retirement fund savings; Dimension Data exodus; Omnia; rare diamond on sale for crypto

Loading player...
*A yearly analysis of the SA retirement fund industry, shows that retirement fund members suspended their contributions for an average of four-and-a-half months in 2020 because of Covid-related lockdowns.
* There is an exodus of senior staff at IT services company Dimension Data, with senior executives leaving the company at the end of the month including co-founder Jeremy Ord.
* JSE-listed Omnia will return R1bn to shareholders.
*Sotheby's, one of the biggest luxury auction houses in the world, has said it will accept bitcoin and ether in payment for a rare 101-carat diamond. Learn more about your ad choices. Visit megaphone.fm/adchoices
22 Jun 2021 8AM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min