Take advantage of strong rand while you still can
The current Rand strength is an opportunity for South Africans who have been procrastinating on externalising their investment portfolio.
The current Rand strength is an opportunity for South Africans who have been procrastinating on externalising their investment portfolio.
While SA’s deranged President rambles on about his latest disastrous idea called “radical economic transformation”, here’s a reminder of a man who offers the inverse – 45-year-old, Pretoria-born super-entrepreneur Elon Musk.
Shareholders vote today on the consolidation of two hugely disruptive companies – the Elon Musk-run Tesla Motors and SolarCity, managed by his cousins Lyndon and Peter Rive.
Tesla Motors delivered 24,500 vehicles in the third quarter, topping analysts’ estimates, after Chief Executive Officer Elon Musk implored employees to boost sales during the period ahead of a plan to raise more capital.
Elon Musk called the proposed marriage of Tesla Motors and SolarCity a “no brainer,” saying his $2.86 billion plan to combine the companies would benefit both.
Solar companies climbed Wednesday after U.S. lawmakers agreed to extend a key federal tax credit.
Entrepreneurs in China, Mexico and Japan are adopting the SolarCity model in their own countries, collaborating through the free enterprise to get the world’s air cleaner one solar unit installation at a time.
Investec’s Roy Topol looks at Elon Musk’s ever expanding empire and wonders if he will one day be sitting alongside the innovation greats like Steve Jobs and Thomas Edison.
In SolarCity’s case, having the luxury to now consider easing back on growth is a benefit of being first to market in a rapidly developing sector.
Latest quarter takes annual run rate of SolarCity’s installations to roughly the same as power to be produced by the first set of turbines at SA’s Medupi.