Khuleko Siwele

Johannesburg

2x Wits Graduate 👩‍🎓 BA Media Studies and Psychology, BA Honors Media Studies & Journalism Markets Reporter✍️ @bloomberg || Views Are My Own

Articles

Toyota’s Japanese Insurer Files $361 Million S. Africa Claim (2)

1 week ago | news.bloombergtax.com | Khuleko Siwele

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Toyota’s Japanese Insurer Files $361 Million South Africa Claim

1 week ago | claimsjournal.com | Khuleko Siwele

A $361 million (6.5 billion rand) lawsuit has been lodged in a South African court by a Japanese insurance company for a claim arising from flood damages suffered in 2022 by Toyota Motors Corp.’s plant near Durban. The claim against Transnet SOC Ltd., the KwaZulu-Natal Department of Transport and eThekwini Municipality has been brought in the high court in Durban by Toyota South Africa Motors’ insurer, Tokio Marine & Nichido Fire Insurance, Business Day reported.
Toyota’s Japanese Insurer Files $361 Million S. Africa Claim (1)

1 week ago | news.bloomberglaw.com | Khuleko Siwele

A 6.5 billion rand ($361 million) lawsuit has been lodged in a South African court by a Japanese insurance company for a claim arising from flood damages suffered in 2022 by Toyota Motors Corp.’s plant near Durban. The claim against Transnet SOC Ltd., the KwaZulu-Natal Department of Transport and eThekwini Municipality has been brought in the high court in Durban by Toyota South Africa Motors’ insurer, Tokio Marine & Nichido Fire Insurance, Business Day reported.
South African Stocks Tipped to End Decade of Foreign Outflows

1 week ago | bloomberg.com | Khuleko Siwele

The Johannesburg Stock Exchange(Bloomberg) -- The valuation discount of South African equities relative to developing peers is set to narrow as some of the capital flowing out of the US and into emerging markets finds its way to Johannesburg stocks, according to Momentum Investments. Foreign investors have been net sellers of South African stocks every year since 2016, and net outflows year-to-date already amount to $6.3 billion, according to JSE Ltd. data.
Toyota Files $361 Million South Africa Flood Damage Lawsuit: BD Report

1 week ago | insurancejournal.com | Khuleko Siwele

Toyota Motors Corp. has brought a lawsuit for 6.5 billion rand ($361 million) in a South African court for 2022 flood damages that shuttered its plant near Durban, Business Day reported. The claim against Transnet SOC Ltd., the KwaZulu-Natal Department of Transport and eThekwini Municipality has been brought in the high court in Durban by Toyota South Africa Motors’ insurer, Tokio Marine & Nichido Fire Insurance.
Toyota’s Japanese Insurer Files $361 Million S. Africa Claim

1 week ago | bloomberg.com | Khuleko Siwele

The Toyota plant after resuming production following flooding, in Durban, South Africa, in 2022. (Bloomberg) -- A 6.5 billion rand ($361 million) lawsuit has been lodged in a South African court by a Japanese insurance company for a claim arising from flood damages suffered in 2022 by Toyota Motors Corp.’s plant near Durban.
Toyota Files $361 Million South Africa Flood Damage Lawsuit: BD

1 week ago | flipboard.com | Khuleko Siwele

6 hours agoBRIDGETOWN, Barbados (AP) — Marnus Labuschagne has been dropped and injured Steve Smith has been ruled out of the Australia lineup for next week’s series-opening cricket test against the West Indies. Cricket Australia on Friday said Smith would miss the opening match of the three-test seies because …
South African Stocks Rally to Record With a Boost From China

4 weeks ago | bloomberg.com | Khuleko Siwele

(Bloomberg) -- South Africa’s benchmark stock index is heading for its best month in almost a year, with a helping hand from China’s most valuable company. The FTSE/JSE Africa All Share Index is up more than 7% in dollar terms in May, on track for its biggest monthly gain since June last year and its best May performance since 2013. It has outperformed emerging-market peers as well as the S&P 500 and the Stoxx Europe 600.
South Africa Firm Paves Way to List Cell C Mobile-Phone Provider

1 month ago | bloomberg.com | Khuleko Siwele |Zinhle Xaba

A Cell C Ltd. advertisement billboard in Johannesburg. (Bloomberg) -- Blue Label Telecoms Ltd. surged to the highest in almost seven years after it proposed a restructuring of its business to ultimately enable a listing of Cell C Ltd., South Africa’s fourth-largest wireless carrier.
Gold’s Relentless Rally Powers South African Stocks to Record

2 months ago | bloomberg.com | Khuleko Siwele

(Bloomberg) -- South Africa’s benchmark stock index headed for a record close as the surging gold price boosted shares of the country’s precious-metals miners. The FTSE/JSE Africa All Share Index rose as much as 1.1% on Wednesday, on track for a fifth consecutive day of gains. It has wiped out a near-10% slide that followed US President Donald Trump’s announcement of so-called reciprocal tariffs.