BBB Ep 18 - Tesla beats expectations, sells Bitcoin; Tech stocks keep rolling; Why Cele must go; Solidarity Fund cash only paid to black businesses

Tesla grabbed the business headlines overnight with better-then-expected quarterlky result - but a shock for Bitcoin investors as the company announced it has sold 75% of the $1.5bn it had in the cryptocurrency. Bitcoin's price fell on the news; Tesla's shares rose slightly. Netflix continued to boom, rising another 7% taking the week's gain to 14%, while in SA, traders are climbing into Arcelor Mittal ahead of the steel company's financials to be released on Thursday. Also in this episode of the BizNews Breakfast Briefing - excerpts from two cracking interviews from Mike Appel: first rational reasons why police chief Bheki Cele really must go; and the shock news that SA's Solidarity Fund, whose donations were drawn from SA corporates and the general public and intended to assist all Covid-impacted companies, is only disbursing cash to 100% black owned businesses. Learn more about your ad choices. Visit megaphone.fm/adchoices