In the news today: Lion of Africa closes its doors, Discovery shares plans for its tech-led bank, and the former chairman of the US Federal Reserve, Alan Greenspan, has called President Donald Trump’s trade tariffs “insane”

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Lion of Africa closes its doors

The short-term insurer’s last published financials show the company’s loss ratio was 100% in 2015 and 66% in 2016.  READ MORE

Plans for Discovery Bank unveiled

Discovery Bank will disrupt the sector in 2019 – it will be completely digital, with products designed to improve the money management of clients.  READ MORE

Trump’s trade policies “insane”: Alan Greenspan

The former chairman of the US Federal Reserve, Alan Greenspan, has called President Donald Trump’s tariff policies “insane”, adding that both China and the US will lose out in the clash.  READ MORE

22seven tracks cryptocurrencies in rands

Minister of Cooperative Governance and Traditional Affairs, Zweli Mkhize, is attempting to broker a deal to break the impasse between Eskom and defaulting municipalities. “Municipal debt is not an Eskom problem, it is a national issue,” he told Parliament yesterday.  READ MORE

Volkswagen to make 50 million electric cars

The German automaker plans to take on Tesla by producing 50 million affordable entry-level electric cars.  READ MORE