New DA leader John Steenhuisen; Trump vs Biden; Comair flying again; Prosus share buy-back; expensive Jooste SMS

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In today's business headlines:

- John Steenhuisen has been elected as the Democratic Alliance’s new leader for the next three years following its virtual Federal Congress over the weekend.
- All eyes will be on the United States this week where it will be determined if the world would have four more years of Donald Trump or whether Joe Biden will take over the reigns of the world’s most powerful country.
- Comair, the South African partner of British Airways, said it secured financing from banks, paving the way for the resumption of flights in December.
- Prosus says it would buy back up to $5billion in its own and South African parent Naspers’ shares as part of efforts to narrow a discount between the companies’ share prices and underlying assets.
- In what the Financial Sector Conduct Authority calls the most expensive SMS in South Africa's history, former Steinhoff Chief Executive Officer, Marcus Jooste has been fined more than R162 million for insider trading. Learn more about your ad choices. Visit megaphone.fm/adchoices
1 Nov 2020 5AM English South Africa Investing · Business News

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