Standard Bank’s chief engineering officer quits after mass outages.
By Lehlohonolo Lehana. Standard Bank’s chief engineering officer Alpheus Mangale, who is responsible for the stability of the group’s IT systems,
Business
Competition Commission on alert for price gouging after Comair grounding.
By Lehlohonolo Lehana. The Competition Commission of South Africa says it is monitoring airline ticket prices in the country following the announcement made by Comair
Discovery Vitality to assist clients affected by Comair grounding.
By Lehlohonolo Lehana. Financial services group Discovery says it will help customers impacted by Comair’s flight groundings by giving them
Comair suspends all Kulula and British Airways flights over funding issues.
By Lehlohonolo Lehana. Aviation company Comair has suspended all of its flights in South Africa as it looks for additional
Famous Brands reports triple-digit financial year profit surge.
Business Reporter. Restaurant group Famous Brands says South Africa’s post-Covid-19 restaurant environment will look entirely different from before, and for the
SAPIA warns against changes to petrol price amid calls for review of fuel costs.
By Lehlohonolo Lehana. The South African Petroleum Industry Association (SAPIA) has warned against making wholesale changes to petrol prices amid
SA’s unemployment rate improves modestly to 34.5% in the first quarter.
By Lehlohonolo Lehana. Statistics South Africa (Stats SA) on Tuesday (31 May), said the official unemployment rate retreated from a
UK considering R15.6 billion deal to move South Africa away from coal.
Business Reporter. (Bloomberg) – The UK is considering guaranteeing at least $1 billion (R15.6 billion) of South African debt as
Brent crude tops $120 as Shanghai eases curbs and EU leaders meet.
By Sharon Cho. Oil climbed at the week’s open as China eased anti-virus lockdowns and the EU worked on a
Momentum reports profit growth and Covid-19 recovery.
Business Reporter. Listed financial services group Momentum Metropolitan on Monday (30 May), reported a 26% rise in operating profit for
Almost a quarter of South Africa’s key infrastructure projects hit by delays.
By Paul Burkhardt. Almost a quarter of South Africa’s R340 billion worth of strategic infrastructure projects have been delayed or put
SA central bank flags inflation as major risk to domestic financial system.
By Lehlohonolo Lehana. South African Reserve Bank (SARB) says the country remains vulnerable to spillover effects of global events, particularly the