Business

Staff Reporter. Mid-month data from the Central Energy Fund points to a big hike in fuel prices in April, following sizeable increases in the first three months of 2021. The CEF data shows an under-recovery across the board, with prices expected to rise around 90 cents per litre for petrol,…
Staff Reporter. The South African Mint, an agency of the South African Reserve Bank, has announced the circulation of a new R2 coin. "The wait is over! We are happy to announce there is a new R2 circulation coin you will soon be seeing in your change. The final edition…
Staff Reporter. Unilever announced it will adopt a clearer mission surrounding inclusive beauty standards across all its beauty and personal care brands' packaging and advertising globally. This is part of the launch of the multinational's Positive Beauty vision and strategy, and in response to making products that cater to all…
Staff Reporter. Statistics South Africa’s latest gross domestic product (GDP) data shows that the country’s weaker economy continues to be outpaced by population growth. On Tuesday (9 March), the statistics body published its GDP numbers for the fourth quarter of 2020, showing that South Africa’s economy is projected to have…
Staff Reporter. Photo Credit:123RF/Anyaberkut. UAE-based airline Emirates has announced that flights from South Africa will remain suspended until 20 March 2021. This is in line with government directives that restrict the entry of travellers originating from South Africa into the UAE, the airline said in a notice published on its…
By Lehlohonolo Lehana. Hurun Report has published its annual rich list, ranking over 3,200 billionaires from 68 countries – including South Africa. Despite the disruption caused by Covid-19, the past year has seen the biggest increase in wealth of the last decade, the group noted, featuring a stock markets boom…
Staff Reporter. The Department of Energy has published the official fuel price adjustments for March, showing a big hike for both petrol and diesel. The following changes will take effect from Wednesday, 3 March 2021: Petrol 95: increase of 65 cents per litre; Petrol 93: increase of 65 cents per…
By Lehlohonolo Lehana. For many of us, Finance Minister Tito Mboweni’s budget speech this week offered hope that we could be optimistic about our immediate financial futures. The rand and South African bonds rallied thanks to some increased investor confidence, and Mboweni has pledged to try and reduce South Africa’s…
By Lehlohonolo Lehana. Finance Minister Tito Mboweni has forecast growth of 3.3% this year on hopes that a well-managed vaccination program, to fight the COVID-19 pandemic, will help lift the economy. It should be said of course that this positive sounding figure comes on the back of last year's GDP…
Staff Reporter. Photo Credit: Kulula.com South African airline Kulula says it will resume domestic operations at Lanseria International Airport from 1 April 2021. The group will service its Durban and Cape Town routes with a limited schedule, adding additional frequencies over the next couple of months. Customers are now able…
Staff Reporter. The start of the year is a great chance to reboot your personal finances – and that starts with a renegotiation of your insurance policies. Insurers are completely open to this, yet many consumers don't know it's an option. "A consumer can renegotiate their short-term insurance policy as…
Staff Reporter. Photo Credit:123RF/Anyaberkut. Middle-Eastern airline Qatar Airways has announced plans to expand its flight operations in South Africa. The group said that by March 2021 it plans to operate 28 weekly flights from the country, including: Cape Town will see an increase to 7 weekly flights; Durban will see…
Staff Reporter. The North Gauteng High Court ruled that Eskom Holdings SOC Ltd can recover R10 billion ($681 million) from consumers, enabling the state power utility to raise electricity tariffs by 16%. The ruling comes after Eskom and the National Energy Regulator of South Africa reached an agreement on the…
Staff Reporter. Top 5 Tips for Renting a Container Renting containers has increased in popularity as businesses and individuals discover their value as a versatile storage solution with a multitude of functions and innovative uses. If you have decided to rent a container, but find yourself wondering where to start,…
Staff Reporter. Nestle SA is adding its first vegan milk chocolate to its products as the world’s biggest food company expands beyond meat alternatives. The Swiss food giant will start offering plant-based KitKat bars this year, called KitKat V, according to Alexander von Maillot, head of Nestle’s confectionery business. The…
Staff Reporter. Photo Credit: Gallo Images. Government has identified three equity partners for South African Airways (SAA) and will make a decision on which one to pick in the next month or so, says Public Enterprises minister Pravin Gordhan. In an interview with Bloomberg, Gordhan said that the interim SAA…
Staff Reporter. Buying a home is probably one of the most important - and expensive - purchases many people will make. It usually requires a long-term financial commitment in the form of a bond to cover the cost of the home. While most buyers have an idea of how much…
Staff Reporter. Mid-month data from the Central Energy Fund points to another hike in fuel prices in March, following sizeable increases in the first two months of 2021. The CEF data shows an under-recovery in prices across the board, expected to rise around 55 cents per litre for petrol, and…
Staff Reporter. For all of South Africa’s economic struggles, the rand looks set to mark its 60th birthday holding fast as the weather vane of emerging-market confidence. The currency — once a global pariah — punches above its weight. The latest Bank of International Settlements global foreign-exchange report, released in…
Staff Reporter. A year in, the impact of COVID-19 is not only being felt by couples physically and emotionally, but it is also exposing incompatibility in personal finances. There’s plenty of fuel available for a money fight. Living and working in close proximity becomes even harder if your spouse has…
Staff Reporter. Credit ratings agency Moody’s has warned of a number of financial issues facing South Africa in the run-up to finance minister Tito Mboweni’s budget speech later this month. In November 2020, Moody’s cut the nation’s foreign- and local-currency ratings to Ba2, two levels below investment grade, from Ba1.…
Staff Reporter. Having long-lasting symptoms after Covid-19 is dubbed "long Covid" or "long-haul Covid". Employers should be taking note of how this will affect worker productivity and medical incapacity in the workplace, say Anton Engelbrecht, Alexander Forbes Senior Health Risk Consultant and Myrna Sachs, Head of Alexander Forbes Health Management…
Staff Reporter. Coca-Cola Beverages South Africa (CCBSA) has increased its Broad-based Black Economic Empowerment (B-BBEE) ownership to a revised 20% target, with a significant worker ownership component. "This updated agreement will result in employees increasing their current holding of around 5% in CCBSA to an approximate 15% shareholding in CCBSA,"…
Staff Reporter. Mobile operator MTN said in a trading statement on Friday (5 February), that it anticipates strong earnings for the year ended December 2020. The group advised shareholders that headline earnings per share (HEPS) growth is expected to be between 50% and 70% (or 234 cents to 328 cents).…
Staff Reporter. A process is underway to appoint a permanent board for the Public Investment Corporation (PIC) following the departure of some board members. "The shareholder is working on the appointment of a permanent board. The PIC is stable and continues to deliver on its clients’ mandates, " the PIC…
Staff Reporter. Q4 2020 Debt Index: borrowing increased by 32% to supplement eroding incomes. Payment holidays and successive repo rate reductions provided South African consumers significant relief in 2020, but for those reliant on unsecured debt the respite has proved short lived. This is one of the findings from a…
Staff Reporter. Bus company Putco is set to retrench 214 staff members as a result of financial distress. Putco spokesperson Pride Anozie says restrictions to the passenger carrying capacity impacted its profit margin. "I think the rationale around the whole things is purely due to the pandemic itself, Covid-19, which…
Staff Reporter. Photo Credit:123RF/Anyaberkut. Emirates has suspended flights to and from South Africa until 28 February. Flights were meant to resume on Friday. The airline will share updates on South African flights in the upcoming weeks. In the meantime, the airline urged affected customers to contact their travel agent or…
Staff Reporter. The Gautrain Management Agency (GMA) has placed the procurement of its additional rolling stock and depot enhancement project on hold until further notice. The decision was taken in the light of the significant impact that the Covid-19 pandemic and the various lockdowns have had on passenger demand on…
Staff Reporter. Photo Credit: Gallo Images. The Department of Public Enterprises says that South African Airways (SAA) could exit administration at the end of March on the back of fresh funding and a possible equity partner. In a presentation parliament on Wednesday (3 February), the department said that the signing…
Staff Reporter. Banking group Absa has announced its new fee structure for 2021, following a full pricing review. The bank’s fee changes historically align with South Africa’s other big banks – Standard Bank and Nedbank – which would typically see price changes come into effect from 1 January of any…
Staff Reporter. The Department of Energy has published the latest fuel price adjustments for February, showing sizeable increases for all grades of petrol and diesel. The following changes will take effect from Wednesday, 3 February: Petrol 95: increase of 81 cents per litre; Petrol 93: increase of 81 cents per…
Staff Reporter. South Africa’s largest health club chain Virgin Active says that a move to adjusted level 3 lockdown restrictions at the end of December 2020, has led to lower usage rates and an increase in member terminations. The group’s holding company, Brait, said in a note on Monday (1…
Staff Reporter. By now the festive break is a faded memory and even some of your best-intentioned resolutions haven’t made it through January. Perhaps that’s why it’s best to wait until February – when you’re confronting life’s realities, not to mention the possibility of an extended Level 3 lockdown –…
Staff Reporter. Ster-Kinekor Theatres is entering voluntary business rescue, the group’s board announced on Friday (29 January), aiming to rehabilitate the company as it continues to suffer due to the Covid-19 pandemic and lockdown. The group said that up until February 2020, the business was profitable and highly cash generative,…
Staff Reporter. South Africa will grow even more dependent on imports for its fuel needs as the country’s refining sector faces an uncertain future, says Avhapfani Tshifularo, executive director of the South African Petroleum Industry Association (SAPIA). In an interview with S&P Global Platts, Tshifularo said all six of the…
Staff Reporter. Retail group Clicks says that it will be shutting down Musica in South Africa, after several years of decline. Clicks acquired the brand in 1992, where it was a leading entertainment brand in the country for many decades, Clicks said. However, despite a shift in more recent years…
By Lehlohonolo Lehana. Qatar Airways has signed an interline agreement with domestic airline Mango, further expanding its presence in South Africa as the largest international carrier to operate from the region. The agreement with Mango will provide passengers with seamless connectivity via Johannesburg and Cape Town to one international destination…
Staff Reporter. South Africa’s economy, which was struggling before the Covid-19 epidemic, is now reeling and the consequences are dire for consumers burdened with debt as well as salary cuts, retrenchments and businesses closing. Benay Sager, chairman of the National Debt Counsellors’ Association says that for many people in this…
Staff Reporter. Photo Credit: Pixabay. South African Breweries (SAB) says the ripple effect of South Africa’s third alcohol ban is being felt throughout its beer value chain, and that it is nearing its maximum storage capacity at its nine brewing facilities. The company said in a statement on Monday (25…
Staff Reporter. File Photo. African Bank has on Monday announced that Basani Maluleke has resigned as the group’s chief executive officer and as an executive director, to pursue other career opportunities. Maluleke will serve out her notice period until 30 April 2021, during which time she will be available to…
By Lehlohonolo Lehana. File Photo. The Monetary Policy Committee has decided to keep the repo rate unchanged at 3.5% per annum, Reserve Bank Governor, Lesetja Kganyago, has announced. Speaking during a virtual media briefing on Thursday, Kganyago said during the MPC meeting, two members of the committee preferred a 25…
Staff Reporter. Photo Credit: Pixabay. Heineken SA, owner of beer brands Amstel and Windhoek, has become the first major company to cut jobs as a result of SA’s third alcohol sales ban, which has stopped trade since late December. Europe’s biggest brewer, which is among SA’s main investors, said it…
Staff Reporter. File Photo. British Airways (operated by Comair) has introduced new booking options, giving customers the flexibility to change the dates and destination of a booking without any change fee. The airline’s book with confidence commitment allows customers to adapt to unforeseen circumstances as they need to. They can…
Staff Reporter. File Photo. Local headlines have made for sombre reading over the last week, and early indications are that things are likely to get worse before they get better. In a research note published on Monday (18 January), Stellenbosch University’s Bureau for Economic Research (BER) pointed to the country’s…
Staff Reporter. Photo Credit: Pixabay. SAB has cancelled a R2.5 billion capital investment in South Africa following government’s third ban on alcohol sales. This brings the brewer’s cancelled capital expenditure in the country to R5 billion since the first alcohol bans were introduced in March 2020. The cancelled investments relate…
Staff Reporter. Mid-month data from the Central Energy Fund (CEF) points to another large fuel hike for South African motorists in February, following a significant increase in January. The CEF data shows an under-recovery in prices across the board, expected to rise around 78 cents per litre for petrol, and…
By Lehlohonolo Lehana. Photo Credit:123RF/Anyaberkut. UAE-based airline Emirates says that it will temporarily suspend all flights to and from South Africa. The airline said in a statement on Thursday (14 January), that the suspension will run from Saturday (16 January) to 28 January 2021 due to operational reasons. It did…
Staff Reporter. Retail group Pick n Pay has announced that its chief executive officer Richard Brasher will retire, and will be succeeded by Pieter Boone. The changes take effect from 21 April 2021. Boone is a former chief operating officer of Metro AG, and a retailer with extensive international experience.…
Staff Reporter. While it has been a volatile year for many industries, the crypto economy is ending the year on a high note. The positive movement in the adoption of cryptocurrencies, regulatory discussions, and developments, as well as several large names in retail and institutional finance dipping into crypto ownership…
Staff Reporter. January can be a very long month for many South African families seeking to stretch December paycheques until the first payday of the New Year. Typically, this is because many companies pay their employees early in December, but this year making it to the end of January is…
Staff Reporter. The World Bank has published its Global Economic Prospects report, detailing how the Covid-19 pandemic has impacted the growth prospects of South Africa and other countries heading into 2021. One of the key findings of the report is how the pandemic has impacted per capita income, with many…
Staff Reporter. Photo Credit: Getty Images. South African-born Elon Musk is now the world’s richest person after Tesla’s shares surged 7.9% on Thursday (7 January). The climbing share price has boosted Musk past Amazon founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.…
Staff Reporter. The Department of Energy has announced the official fuel price adjustments that will come into effect on Wednesday, 6 January 2021. All grades of fuel will see prices increases this month, with petrol climbing between 40 cents and 43 cents per litre, and diesel increasing by 54 and…
Staff Reporter. Fuel prices are expected to significantly increase in January, month-end data from the Central Energy Fund shows. The data shows that petrol prices could be increasing by 39 and 43 cents per litre, while diesel prices could be up by between 54 and 55 cents per litre. According…
Staff Reporter. Discovery Health says funding has been set aside for its members to get the Covid-19 vaccine as it throws its weight behind the country's bid to source a cost-effective supplier. Timelines have not yet been confirmed as the medical insurance giant is in "extensive" negotiations with other private…
Staff Reporter. Photo Credit: Getty Images. British and European Union negotiators sealed a Brexit trade deal on Thursday, just a week before the United Kingdom finally leaves the orbit of the 27-nation bloc, its biggest trading partner. But unusually among trade deals, businesses will face more bureaucratic hurdles than they…
Staff Reporter. Fitch Ratings Agency has upgraded five South African banks Long-Term Ratings to AA+ with a stable outlook. The five banks are Absa, Investec, Nedbank, Standard Bank and FNB. This reflects an improvement in their creditworthiness relative to the best credits in the country. Debt ratings (where applicable) have…
Staff Reporter. After an exceptionally difficult year, consumers may be tempted to reward themselves this Christmas. Resisting the urge to go overboard and spending sensibly could mean a better 2021, especially given that there’s still a lot of economic uncertainty. Benay Sager, Chief Operating Officer at DebtBusters, South Africa’s leading…
Staff Reporter. Splashing out over the festive season as a reward for making it through 2020 might be tempting, but some restraint could ensure the Christmas cheer lasts into the New Year. According to the National Debt Counselling Association (NDCA), many South Africans’ festive season shopping sprees result in them…
Staff Reporter. A snapshot survey by personal finance website JustMoney has revealed that more than 82% of respondents are in debt ‒ with the need to buy food cited by 43% as a reason for this. Personal loans are the most common form of debt. Close to 59% of the…
By Lehlohonolo Lehana, The Department of Public Enterprises (DPE) said it was pleased about the recovery of R1.56 billion from ABB South Africa back into Eskom's coffers. This comes after Eskom and the Special Investigating Unit (SIU) reached an agreement with ABB to pay back in full, money derived from…
Staff Reporter. In a deliberate effort to drive behaviour change, the Association for Alcohol Responsibility and Education (aware.org) and its industry members, are giving South African consumers the opportunity to arrive home safely, while effectively curbing drinking and driving by donating over R500 000.00 in Uber vouchers in the first…
Staff Reporter. Photo Credit: Gallo Images. McKinsey and Co said it would repay all the fees paid to it — estimated to be about R650m — for work done as part of Transnet and SAA contracts. The state capture commission of inquiry made the announcement on Wednesday. This undertaking comes…
Staff Reporter. Ford Motor Company was recognized for leadership in corporate sustainability by CDP, securing a place on the global environmental nonprofit group’s prestigious 'A List’' for tackling climate change and protecting water security. Climate protection and water management are key parts of Ford’s comprehensive approach to long-term sustainability and…
Staff Reporter. File Photo. Comair today again began operating British Airways’ domestic services, providing a choice of more flights, more routes, a full-service offering, lounge offerings, frequent flyer benefits and a business class option. British Airways (operated by Comair) will serve all the domestic routes it did prior to lockdown,…
Staff Reporter. Every December holiday millions of South Africans have to stretch their money further and often end up skipping debt repayments in favour of festive-season shopping. The economic impact of Covid-19 is likely to result in even more missed payments this year. Pre-festive promotions such as Black Friday and…
By Lehlohonolo Lehana. The South African economy began its journey to recovery during the third quarter of 2020 - this after the national lockdown aimed at curbing the spread of COVID-19 had sent it into a tailspin. During this period, the country’s economy rose by an annualised rate of 66.1%,…
Staff Reporter. File Photo. The world’s third-largest gold miner, AngloGold Ashanti, has appointed former Absa chair Maria Ramos to head its board with immediate effect, replacing ANC stalwart and businessman Sipho Pityana. "Ramos brings to the role exceptional experience in leadership roles across both the private and public sectors, "AngloGold…
Staff Reporter. Photo Credit: Gallo Images. The Department of Public Enterprises (DPE) has urged South African Airways labour unions to cooperate with the finalisation of the business rescue process, which includes the full and final settlement of deferred employee salaries. In a statement, the department said while it is sympathetic…
Staff Reporter. Photo Credit:123RF/Anyaberkut. A new airline is preparing to start flights in South Africa next week, entering the industry at a time when carriers near and far are going bankrupt amid the worst crisis in aviation history. Lift, owned by Johannesburg-based leasing company Global Airways, will operate three Airbus…
Staff Reporter. Today, Exxaro hosted an official Rietkuil Housing Handover Ceremony to celebrate the completion of the company's Leeuwpan Mine Rietkuil Resettlement Project after five years of hard work. The auspicious event was attended by key Exxaro executives, the MEC of Human Settlements Mpumalanga, Ms Nora Mahlangu, Victor Khanye Local…
Staff Reporter. Many businesses rely on the business founder or owner for their success. With the Covid-19 pandemic having wreaked havoc the world over, businesses have been highly impacted, and the pandemic has shown that no one is immune to a life altering event. Have you ever wondered what would…
Staff Reporter. Summer’s here and the number of panting joggers, lycra-wrapped cyclists and cars in the gym parking lot suggest that plenty of us are working hard to lose a bit of lockdown flab before we hit the beach. Given the financial impact of the past eight months on just…
Staff Reporter. Absa has laid criminal charges against the employee behind the data breach that resulted in clients' personal information being leaked to third parties. The development came to light following an article published in the Business Insider today that reported the bank has begun contacting clients to inform them…
By Lehlohonolo Lehana. Eskort, the 103-year-old South African brand with an enviable reputation for quality, has partnered with Metropolitan Republic to refresh its corporate identity and launch a new creative platform with an exciting campaign that walks and talks like a truly iconic South African brand. This moment in the…
Staff Reporter. File Photo. Today, for the first time in over eight months, customers boarded kulula flight MN101, the first Comair flight to take off as the company recommences services. The flight followed the vast majority of shareholders voting late last week in favour of the shareholding restructuring proposed in…
Staff Reporter. Motorists will get a mixed bag of fuel prices in December, with petrol prices set to drop and diesel prices climbing next week. The Department of Energy has published the official fuel price changes coming on Wednesday (2 December), which will reflect the following changes: Petrol 95: decrease…
Staff Reporter. An uncertain economy, already high levels of personal debt and the desire to reward oneself in December after a brutal year mean many South Africans either have money problems or may have in the near future. Benay Sager, chief operating officer at DebtBusters, the country’s largest debt counsellor,…
Staff Reporter. Photo Credit:Shutterstock. The South African Reserve Bank (SARB) has issued a warning to consumers to be aware of the risks associated with the use of instant electronic funds transfer (EFT) online payment services offered at e-commerce stores. An instant EFT is a payment method offered by a third…
Staff Reporter. Photo Credit:Warren Krog. Ford Motor Company South Africa (Ford) has agreed to compensate 56 drivers of its Kuga SUV that caught fire due to a mechanical malfunction between 2014 and 2017, with R50 000. The development was confirmed on Thursday by the National Consumer Commission (NCC) after reaching…
By Lehlohonolo Lehana. South African companies spent an estimated R10,7 billion on corporate social investment (CSI) in the 2020 financial year. This represents a marginal 1,2% growth in real terms from R10,2 billion in 2019, according to CSI consultancy Trialogue. The research was published in the latest Trialogue Business in…
Staff Reporter. File Photo. Finance Minister Tito Mboweni has warned that South Africa must find means to control its debt crisis urgently. The Minister made the declaration during a virtual discussion of the Bloomberg Capital Markets Focus: South Africa on Tuesday. "I’m very worried about this because on the current…
Staff Reporter. Woolworths has announced plans to launch a same-day delivery service in South Africa. In a social media post on Monday (23 November), the retailer said that clients can expect the same quality and freshness as experienced in its stores through the service. It did not provide information on…
By Lehlohonolo Lehana. File Photo. Comair has today opened bookings for domestic British Airways’ (operated by Comair) flights. From 9 December, the airline plans to begin serving all the domestic British Airways’ routes it previously operated. Regional services will be reintroduced as it ramps up to full operations over the…
By Lehlohonolo Lehana. South Africa fell deeper into junk territory after Moody’s Investors Service joined Fitch Ratings in lowering the country’s credit ratings. Moody’s cut the nation's foreign- and local-currency ratings to Ba2, two levels below investment grade, from Ba1. The outlook remains negative. Fitch cut the nation's foreign- and…
Staff Reporter. Caption:Diageo SA Corporate Relations Director Sibani Mngadi. The tavern industry should play its role in promoting responsible behaviour and avoid the pressure to immediately recoup the financial losses suffered from alcohol sales ban during the coming festive season. This was among the key conclusions to be drawn from…
Staff Writer. File Photo. The South African Reserve Bank (SARB) has for the second consecutive cycle kept the repurchase rate unchanged at 3.5% per annum. SARB Governor Lesetja Kganyago made the announcement on Thursday, following a Monetary Policy Committee (MPC) meeting. Addressing reporters, Kganyago said the MPC expects economic and…
By Lehlohonolo Lehana. There’ll be a lot of people trying to cash in on Black Friday 2020 as retailers try to make up for lost lockdown sales and consumers desperately seek to stretch constrained budgets. Inevitably not all the deals will be as good as the marketing and people will…
Staff Writer. File Photo. The South African Reserve Bank announced that the South African banks will not accept any cheques for deposit or encashment after 31 December 2020. “The South African Reserve Bank (SARB), Financial Sector Conduct Authority (FSCA), Payments Association of South Africa (PASA) and the Banking Association South…
Staff Writer. What is money? Almost all of the children understood that we need money to buy the things we want or need. As five-year-old Imaad and four-year old Mikail said, we need money to buy food, drinks, and of course ice cream, suckers, pillows and toys. Others such as…
Staff Writer. Lekela, the renewable power generation company that delivers utility-scale projects across Africa, today announced that its 140MW Kangnas wind farm in South Africa has successfully reached commercial operations. This marks the completion of all five wind farms in a Lekela-led consortium across South Africa. Together, these total over…
Photo Credit:Shutterstock. The Protection of Personal Information Act (POPIA) has been in the making for a while, with certain aspects already introduced. It is finally set to come into full effect after President Cyril Ramaphosa said, in June, that the effective date for compliance is 1 July 2021, and most…
Debt counselling is an effective way of helping South Africans who are struggling with debt, but a lack of understanding about the process, misinformation and concerns about being stigmatised mean some consumers don’t seek help or leave it too late. To address the problem the National Debt Counsellors’ Association (NDCA),…
File Photo. Comair today begins taking new bookings for kulula.com ahead of its planned take off again on 1 December. “We are excited to be returning to the skies and with competition being restored in the domestic market, the flying public can once again expect to achieve low airfares. We…
Caption:Support for agro-ecology, food and water security in the lower Olifants River Basin. An R100 000 prize for a non-profit organisation’s excellent monitoring and evaluation (M&E) methods has made a world of difference to rural Limpopo households battling to survive the ravages of drought and the COVID-19 pandemic. The Association…
The efforts by Eastern Cape Premier Oscar Mabuyane to try to avert the closure of Bridgestone’s 84-year-old tyre plant in Port Elizabeth have failed. Mabuyane said the provincial government was not willing to see the factory close down and was exploring various ways to keep it operating so that jobs…
Capitec Bank has partnered with SA Home Loans to launch its first full home loan offering. The bank said that its new offering will enable customers to initiate an application in under 5 minutes – alongside competitive linked interest rates from 6%. "We’ve continually received requests from both clients and…
File Photo. The energy department announced that the retail price of petrol in South Africa will decrease by about 1.8% from November 4, while the price of wholesale diesel will drop by 1%. The price of petrol will decrease by 27 cents to R14.59 rand per litre in the commercial…
File Photo. Comair’s business rescue process navigated past two important milestones this week as the investors secured the required credit approval from various lenders of debt funding, as well as approval from various regulators necessary for their investment in Comair to proceed. Among the suspensive conditions in the Comair business…
Page 3 of 6