5 things you need to know in SA business today and 25 hot cars at the 2019 Geneva Motor Show
1. All eyes will be on pharmaceutical group Aspen this morning after the company lost almost a third of its value on Friday. The company's debt burden of almost R54 billion is now larger than its total market capitalisation.
2. Financial results are expected from FirstRand, AVI, Old Mutual and Exxaro this week. FirstRand's headline profit should rise by more than 8%, while strong results are also expected from Old Mutual as the company should have benefited from cost savings after its unbundling.
3. Former Standard Bank head of compliance Ian Sinton is expected to testify at the Zondo commission of inquiry today. The last time he took the stand, he implicated ANC heavyweights Gwede Mantashe, Enoch Godongwana and Jessie Duarte, who allegedly attempted to intimidate the bank to keep Gupta-linked bank accounts open.
4. By close of business Wednesday, all political parties have to submit their candidate lists for national and provincial government ahead of the election in May.
5. Former acting Eskom CEO Matshela Koko has been accused of promising Swiss engineering giant ABB R6.5bn in future contracts if it subcontracted work on Kusile power station to a company partially owned by his stepdaughter, Koketso Choma. According to a bombshell report by the Sunday Times, the global firm has blown the whistle on why it gave Choma's company R800m in work – despite the fact that it did not qualify to do the work, the newspaper said.
25 hot cars at the 2019 Geneva Motor Show
Reported by Benjamin Zhang
The 2019 Geneva Motor Show is the first major European car show of the year. As a result, the world's automakers go big for Geneva. Car makers pulled out all the stops to show off their latest and greatest.
In years past, Geneva has been known as the show where the next great supercars are shown for the first time. That tradition continues as it once again plays host to the latest from Aston Martin, Ferrari, Lamborghini, Koenigsegg, and Pininfarina.
The show also features a host of more practical offerings from mainstream mass market and luxury brands including Audi, Mercedes-Benz, Polestar, VW, Subaru, Honda, Toyota, Nissan, and Mazda.
Less well know brands like Russia's new ultra-luxury brand Aurus are also featured at the show.
The 2019 Geneva Motor Show will be open to the public until March 17 at the Palexpo Arena in Geneva, Switzerland.
Here's a closer look at the 25 hot new cars at the Geneva Motor Show.
1. Bugatti La Voiture Noire
2. Aston Martin AM-RB 003
3. Aston Martin Vanquish Vision
4. Pininfarina Battista
5. Koenigsegg Jesko
6. Ferrari F8 Tributo
7. Lamborghini Huracan EVO Spyder
8. Mercedes-AMG GT R Roadster
9. Toyota GR Supra
10. Bentley Mulsanne WO Edition
11. Aurus Senat
12. BMW 7 Series
13. Audi Q4 e-tron
14. Polestar 2
15. Volkswagen ID Buggy Concept
16. Nissan IMQ concept.
17. Imagine by Kia
18. Lagonda All-Terrain Concept
19. Mitsubishi Engelberg Tourer
20. Subaru Viziv Adrenaline concept
21. Volkswagen T-ROC R
22. Mazda CX-30
23. Honda E Prototype
24. Mercedes-Benz CLA Shooting Brake
25. Mercedes-Benz EQV
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