MTI liquidators hit a snag in the UK courts

Standard Bank’s ‘disproportionate’ attempt to foreclose on Vavi’s home fails | Virgin Active closes three clubs in three months

View this email in your browser Good morning John Wed, 18 June 2025 Today on MoneywebNOW Tasneem Samodien of Old Mutual Private Wealth on why local retailers are turning to beauty for its higher margins. David Lloyd of King Alexander Investments believes retail investors are driving a quiet overhaul. Livestream at 6:30am » Top stories MTI liquidators hit a snag in the UK courts Ciaran Ryan You’re out of time, says court – but liquidators reissue claims against investors. Standard Bank's ‘disproportionate’ attempt to foreclose on Vavi’s home fails Roy Cokayne Bank was also claiming more than R160 000 in legal costs from Vavi and his wife – twice the value of their current repayment arrears. Virgin Active closes three clubs in three months Moneyweb Closure in May sees the group exit Soweto completely … Residents demand more protection for Wilderness Common Adriaan Kruger Municipality neglects to inform stakeholder organisations of proposed changes to the title deed that open the door to future development. Brought to you by 80eight Why your bank may be the most expensive ‘silent partner’ in your business Ciaran Ryan Not many South Africans are aware of how much they are paying, or what they are paying for, when it comes to banking. Latest audio RADIO » PODCASTS » LIVESTREAM » FOMC expected to hold US rates MoneywebNOW - Brought to you by STANLIB Iran-Israel conflict: Trumps’s ominous message to Tehran Moneyweb@Midday Data expiry under fire: MPs push mobile networks for clarity SAFM Market Update SA kan in Oktober van die FATF-gryslys kom RSG Geldsake Banks are about to enter the crypto space Crypto podcasts In case you missed it TRENDING » Reserve Bank unlawfully interfered in Absa chair appointment, says court Ciaran Ryan MTN Zakhele Futhi unwind: BEE investors will get out less Moneyweb | 14 comments RAF applies for contempt of court order against Sars Roy Cokayne | 1 comments Indicators MORE » ALL DATA TOOLS » Current Value Move % USDZAR 17.99 18 Jun, 5:31 -0.03 % EURZAR 20.68 18 Jun, 5:33 0.10 % GBPZAR 24.18 18 Jun, 5:33 0.30 % BTCUSD 105,188.60 18 Jun, 5:33 0.60 % Current Value Move % JSE ALSI 94,657 18 Jun 00:00 -0.70% S&P500 5,982.72 17 Jun, 0:00 -0.84% Dow Jones 42,215.80 17 Jun, 0:00 -0.70% BRENT 76.78 18 Jun, 5:22 -0.30% Winners: 41/100 Current Value Move % 7 Day Move 30 Day Move SUPR » 20.29 17 Jun, 16:28 6.17 % 2.99% 1.45% PICKNPAY » 25.64 17 Jun, 17:07 5.38 % -0.85% -3.32% NINETY 1P » 43.32 17 Jun, 17:02 3.91 % 3.17% 12.81% Losers: 57/100 Current Value Move % 7 Day Move 30 Day Move GRP » 16.20 17 Jun, 16:41 -4.71 % -10.50 % 0.00 % KAROO » 849.00 17 Jun, 17:00 -4.58 % -17.97 % -12.48 % MTN GROUP » 126.70 17 Jun, 17:00 -4.38 % -2.64 % 4.45 % The winners and losers are ranked by the market performance of the latest trading day of the top 100 JSE-listed companies by market capitalisation. Our advisors GET LISTED » CONTACT US » Get to know VIEW ALL » Kenny Meiring - CFP® Succession Financial Planning James Vigne Villic Wealth (Pty) Ltd Advisor views VIEW ALL » Over and above: Making the most of extra retirement contributions Craig Torr - Crue Invest (Pty) Ltd Making excess contributions can enhance long-term tax efficiency, protect capital and provide meaningful tax relief at retirement or death. Time to wake up your lazy cash Charize Beukes - Brenthurst Wealth Management Leaving your cash idle in a low-interest account is like paying an employee to nap at their desk. Get full access to all our market indicators, investment tools and award‑winning articles. R70/month or R700/year SUBSCRIBE NOW or create a free account. Free registered users can leave up to 4 comments per month. Subscribers can leave unlimited comments via our website and app. Quick links Home » Daily Indicators » SENS » JSE Search » Radio » Podcasts » Sign in » Register » Newsletters » Contact us Phone: +27 (0)11 344 8600 Newsroom: editor@moneyweb.co.za Advertising: tracyp@moneyweb.co.za Technical & Account Enquiries Support requests are not handled by phone. Get help quickly by emailing us at help@moneyweb.co.za

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