The Markets Ledger

Axia takes full control of Transerv

Axia Corporation has taken full control of automotive spares retailer Transerv after buying out the company’s minority shareholders in a US$1,08 million share-based deal.

Tongaat’s Zimbabwe operations gain stability

Tongaat Hulett says its Zimbabwean operations – Hippo Valley Estates and Triangle Limited – have entered a more stable phase, although flooding in Mozambique and increased sugar imports continue to hamper the group’s recovery across the region.

Jaguar unveils $130,500 electric vehicle

Luxury carmaker Jaguar has launched its new all-electric vehicle, two years after the famed British company’s controversial rebrand prompted a social media backlash.

Musk is a trillionaire again

The fortune of the world’s richest person jumped by $65 billion on Monday to $1.04 trillion, according to the Bloomberg Billionaires Index, as the value of his stakes in SpaceX and Tesla rose. SpaceX shares are up 13% since the start of October while Tesla has gained 6.7%.