Business

Business: African Bank signs a R8bn aid deal with shareholders

African Bank stated on Monday that it had entered into an R8 billion help arrangement with its shareholders to re-enter…

September 8, 2020

City Lodge parks dividend after loss of R486 m due to coronavirus

City Lodge Hotels parked its remaining dividend charge for the yr ended in June as it fluttered to a R486.6million…

September 7, 2020

Business: Unilever to get rid of the fossil fuel cleaning goods by 2030

When a company units a aim to reach zero emissions inside decades, it has to begin cutting carbon on each…

September 6, 2020

Business: WorldRemit to acquire Sendwave, a remittance company with a focus on Africa

Digital, international cross-border payments company WorldRemit introduced it has agreed to collect Sendwave, a rapidly growing app-based remittance organisation in…

September 5, 2020

Business: Ethiopian Airlines Group could aid SAA

Ethiopian Airlines Group is amongst corporations in talks with South Africa’s government about potentially supplying aid to the country’s insolvent…

September 4, 2020

If lockdown laws continue to be flouted we will shut down the beer taps – brewers

The Beer Association of South Africa, which incorporates the Craft Brewers Association South Africa, Heineken and the South African Breweries,…

September 3, 2020

Business: Old Mutual defers dividend in African companies as profit

Old Mutual Ltd. suspended its interim dividend as the fallout from the coronavirus pandemic savaged earnings, and will only make…

September 2, 2020

Business: Sun International set to cut 3,300 jobs

Sun International in South Africa is planning to cut 3,300 jobs in South Africa and Chile as part of a…

September 1, 2020

South Africa: Talks With Keen Investors in State Airline South African Airways

South Africa‘s government has started talks with private entities interested in buying into the country’s insolvent national carrier, which needs…

August 31, 2020

Business: Massmart shares continue to benefit amid loss of revenue

Massmart earnings tumbled 40 percent at some point of the 26 weeks to June as store income slumped on the Covid-19…

August 30, 2020

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