It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way.
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Elon Musk formed a trio of holding companies as part of his bid to acquire Twitter, potentially giving the billionaire a path to bring all of his business ventures under a single parent.
The rand extended its week’s losses on Thursday, as severe power cuts and deadly floods weighed on the economic growth outlook.
The collapse of Netflix shares on Wednesday is the latest drastic sign that investors are abandoning streaming services and other pandemic winners.
With Tesla’s strong quarterly report on Wednesday, CEO Elon Musk has scored a hat trick of performance goals worth a combined $23-billion in new compensation.
The rand weakened the most in five months as rolling power cuts, flood damage and signs of a Covid comeback added to worries about the economic outlook.
Stewart van Graan will replace Mteto Nyati as CEO of Altron on 1 July, albeit on an interim basis.
Cathie Wood’s Ark Investment Management now expects Tesla shares to more than quadruple to $4 600 by 2026.
South Africa’s economy likely grew more than 2% in the first quarter, beating economists’ forecasts, an index with a strong correlation to GDP shows.
Elon Musk has been sued by former Twitter shareholders because he waited too long to disclose a 9.2% stake in the social media company.