Home 2020 November

Month: <span>November 2020</span>

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Tesla Electric Cars Maker, hits $500 billion market cap for the first time

Tesla Electric Cars Maker, hits $500 billion market cap for the first time

Tesla finished the trading day Tuesday with a market cap greater than $500 billion for the first time after its stock price surpassed $527.48 per share. Tesla’s enterprise multiple, or its enterprise value relative to EBITDA, exceeded 130 based on the company’s last 12 months, according to Factset. With a forward enterprise multiple of 63, Tesla shares closed...

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South African Stores snub China and Source their Products Locally – Local is Lekker

South African Stores snub China and Source their Products Locally – Local is Lekker

South African retailers including The Foschini Group Ltd. and Woolworths Holdings Ltd. are increasing investment in local clothing manufacturers – both to reduce a dependency on Chinese imports and secure a supply chain thrown into disarray by Covid-19 restrictions. The companies have signed up to an industry plan that includes a target to source 65% of their...

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BuzzFeed Acquire HuffPost In Verizon Deal

BuzzFeed Acquire HuffPost In Verizon Deal

Under the deal Verizon will acquire a minority equity stake in BuzzFeed, with the digital publisher and telecom giant partnering on advertising and content. Two titans of the digital publishing space will soon merge, as BuzzFeed is acquiring HuffPost as part of a larger deal with Verizon Media. The deal has multiple pieces, with Verizon...

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Openview to Broadcast Belgian League showcasing stars like Percy Tau

Openview to Broadcast Belgian League showcasing stars like Percy Tau

The free-to-air platform has secured a broadcast deal that makes it the exclusive home of Belgian football in South Africa. Renowned as the club ‘where stars are born’, the Jupiler Pro League is home to more than 100 African players, including well-known stars like Percy Tau and Club Brugge’s Nigerian striker Emmanuel Dennis. Tau’s three...

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TikTok UK and the Elton John AIDS Foundation Partner for World AIDS Day

TikTok UK and the Elton John AIDS Foundation Partner for World AIDS Day

TikTok is partnering with the Elton John AIDS Foundation to increase awareness about HIV/AIDS on the upcoming World AIDS Days on Dec. 1. The partnership’s campaign starts on Nov. 25, with TikTok users being offered access to a quiz on HIV/AIDS education and awareness. The legendary rocker will also take part in a special livestream on the app...

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Public Investment Corp (PIC) to Help Eskom with its Debt – Mboweni

Public Investment Corp (PIC) to Help Eskom with its Debt – Mboweni

The Public Investment Corp., Africa’s biggest fund manager, is willing to help South African power utility Eskom Holdings SOC Ltd. resolve its debt crisis, Finance Minister Tito Mboweni said at the Bloomberg Capital Markets Focus virtual event Tuesday. “Most of the bonds actually are held by the PIC and the banks and so on,” Mboweni...

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Discovery Bank Introduce New Features on Its Banking App

Discovery Bank Introduce New Features on Its Banking App

Discovery Bank has launched a number of new features in its banking app, while also including virtual cards. The bank said that clients now get up to 20% off when they spend their Discovery Miles online and in-store. Customers can also make payments to their contacts who are Discovery Vitality members through Discovery Pay by...

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