for subscribers

Virgin Galactic disaster exactly 2 years ago inspires Branson in SA

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town – It was exactly two years ago that Richard Branson had to face one of his biggest ever set-backs: his R6.7trn Virgin Galactic tourist spaceship exploded, killing one pilot.

Two years ago to the day, Branson jetted out to the California's Mojave Desert to the scene of the accident, where he started the process of rebuilding his dream of space tourism.  

Now, the owner of Virgin, who flew into Cape Town on Monday to launch Virgin Money Insurance (VMI), said it was this disaster that created a marriage between Virgin and global insurer American Insurance Group (AIG).

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.63
(-0.04)
ZAR/GBP
23.01
(-0.05)
ZAR/EUR
20.79
(-0.01)
ZAR/AUD
12.62
(-0.03)
ZAR/JPY
0.17
(-0.01)
Gold
2034.21
(+0.05)
Silver
28.28
(+0.09)
Platinum
961.50
(+0.38)
Brent Crude
44.55
(-1.53)
Palladium
2166.01
(+0.63)
All Share
56757.73
(-1.56)
Top 40
52435.65
(-1.72)
Financial 15
9897.96
(+0.10)
Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 934 votes
It depends on how the funds are used.
74% - 6257 votes
No. We should have gotten the loan elsewhere.
15% - 1285 votes
Vote