Motus rides SA vehicle boom as margins surge
'New vehicle sales are the strongest we’ve seen in probably a decade,' — Ockert Janse van Rensburg: CEO, Motus.
'New vehicle sales are the strongest we’ve seen in probably a decade,' — Ockert Janse van Rensburg: CEO, Motus.
Interim earnings rise to R244.7m as sales top R6.4bn, dividend climbs 13%, and management backs appeal in R233m GPS dispute.
Ratings agency praises revenue rebound and fiscal discipline, yet warns debt above 80% of GDP will test SA’s recovery path.
Lithium prices have nearly doubled since November as demand for the mineral booms from growth in energy storage.
Spot gold climbed 0.6% to $5 193.79 an ounce as of 12:48 p.m. in Singapore.
The MSCI Emerging Markets stock index is at a record high, while trading volumes in related exchange-traded funds have also surged.
Analysis of the Budget’s impact on local bonds and the outlook for yields, alongside strong results from Motus.
Copper fell as much as 0.8% to $13 212.50 as of 10:47 a.m. in Shanghai.
Brent for April settlement was steady at $70.95 a barrel at 11:00 a.m. in Singapore.
And what’s coming next …