Flash Briefing: Taxpayers cough up another R5bn for SAA staff; Bitcoin reaches US$50,000; Glencore; Spar; Resilient
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* Taxpayers have forked out another R5bn so that South African Airways can pay severance packages to staff laid off as part of its rescue plan.
* Bitcoin topped $50,000 for the first time, doubling in less than two months as the digital currency continued its run higher.
* Glencore reinstated its dividend on the back of record trading profits as the world’s biggest commodity trader reports its final results under the leadership of billionaire Chief Executive Officer Ivan Glasenberg.
* South African grocery retailer Spar Group said on Tuesday group sales rose by 9.8% in the 18 weeks ended Jan. 29 but the country’s ban on alcohol hit liquor sales.
* Resilient stock rose about 5% on news about the potential sale of shopping malls. Learn more about your ad choices. Visit megaphone.fm/adchoices
* Bitcoin topped $50,000 for the first time, doubling in less than two months as the digital currency continued its run higher.
* Glencore reinstated its dividend on the back of record trading profits as the world’s biggest commodity trader reports its final results under the leadership of billionaire Chief Executive Officer Ivan Glasenberg.
* South African grocery retailer Spar Group said on Tuesday group sales rose by 9.8% in the 18 weeks ended Jan. 29 but the country’s ban on alcohol hit liquor sales.
* Resilient stock rose about 5% on news about the potential sale of shopping malls. Learn more about your ad choices. Visit megaphone.fm/adchoices
