Adobe, IBM team up on marketing software for banking industry

Adobe and IBM said they are teaming up to make marketing software easier to use for banks that face controls on how customer data must be handled. Source

Major Pierneef Landscape heads Strauss & Co July flagship auction

The cover lot of Strauss & Co’s winter Live Virtual auction, due to be held over three days from 26 to 28 July, is a monumental bushveld scene by JH Pierneef. Source

SA stocks set to snap back from 2020 losses

South Africa’s benchmark equities index is set to erase its 2020 drop, staging a spectacular snap-back. Source

Government extends TERS benefit by 6 weeks

The South African government has decided to extend the Covid-19 Temporary Employee Relief Scheme (TERS) benefits to 15 August 2020. Source

Invicta shares in big gain after disposals

Invicta Holdings ballooned more than 21% on the JSE yesterday after the investment holding group entered into an agreement with CNH Industrial SA. Source

Mboweni says he has no plan to use emergency powers to fund SAA

Finance Minister Tito Mboweni has said in court papers that he has taken no decision to use emergency powers to avail money. Source

Volvo expecting imminent recovery after sinking into the red in first half

The company said it sold 269 962 cars in the January-June period, compared to the 340 826 cars it sold in the same period last year. Source

Denel's Danie du Toit resigns after only 18 months at the helm

Loss-making state defence company Denel yesterday announced the unceremonious resignation of group chief executive Danie du Toit. Source

Walmart restarts talks on possible sale of Asda stake

Walmart, the world’s biggest retailer, has restarted talks with potential buyers of a stake in its British supermarket arm Asda, a Walmart spokesman said on Monday. Source

Another rate cut may be on the cards as SARB ponders recession

The SA Reserve Bank (SARB) might deliver another interest rate cut this week as it ponders easing monetary policy. Source

Reliance-Google smartphone deal in India threatens Chinese firms

A $4.5 billion deal under which Alphabet’s Google will collaborate with India’s Reliance Industries on a new smartphone likely heralds a big shake-up for the world’s second-largest mobile market. Source

Bolt launches new low-cost ride-hailing service in SA

Bolt has launched a new low-cost category called Bolt Go in South Africa with fares approximately 20% less than regular Bolt rides. Source