SE-listed construction group Stefanutti Stocks is making some progress in its disputes with Eskom after the utility claimed it had overpaid almost R4 billion to various contractors at the Kusile power station, including an estimated R1 billion to two of Stefanutti Stocks' joint ventures (JVs). Read more.
Tags : covid-19
Brent Crude Oil and WTI were both trading steady on Wednesday after a release of oil reserves did not cause a dip in price as expected. Instead, Oil actually gained on Tuesday with a sharp bounce. At the time of writing (12:00 pm) Brent Crude was trading at levels around $81 and WTI was trading at around $78. Read more.
Such a movement would indicate that oil is getting cheaper and the Norwegian krone is strengthening. The decline in Brent quotes is caused by an increase in the number of new cases of Covid-19 in Europe and, in particular, in Germany, Britain and Austria. Read more.
A couple of weeks ago, Investec "warned" shareholders that interim results for the six months to September 2021 would be much better than those for the troubled first half of the last financial year. Read more.
AstraZeneca announced it is making a modest profit on its coronavirus vaccine as the world learns to live with the virus. Read more.
PayPal reported 13% revenue growth for the third quarter on Monday and announced that it is working with Amazon to allow U.S. customers to pay with Venmo at checkout starting in 2022. Read more.
The Governor of the Bank of Mozambique, Rogério Zandamela, met with ambassadors of the countries of origin of capital invested in the banking sector in Mozambique to share information on financial developments as well as on the economic prospects of the country. Read more.