Business

Zimbabwe: Simbisa Brands Fires Contract Workers As COVID-19 Lockdown Takes Toll

Zimbabwe's leading fast foods outlet Simbisa Brands has fired its contract workers in an attempt to cut costs as the…

April 8, 2020

S. Africa’s Economy May Shrink as Much as 4%, Central Bank Says

South Africa’s economy could contract by 2% to 4% this year due to the coronavirus pandemic and measures to curb…

April 6, 2020

Fitch downgrades South Africa’s credit rating to ‘junk’ status

Ratings agency Fitch downgraded South Africa’s credit rating further into “junk” territory on Friday, another blow for Africa’s most industrialised…

April 4, 2020

Calabar Mall didn’t collapse – Management

The management of the Calabar Mall and SPAR has debunked claimed that the mall collapsed. “The Calabar Mall building did…

April 3, 2020

Coronavirus donations hit N15bn in Nigeria

The Central Bank of Nigeria (CBN) on Wednesday said that monetary contributions to its relief fund under the auspices of…

April 2, 2020

Coronavirus: Stanbic IBTC Bank offers customer relief initiatives

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has introduced customer relief initiatives aimed at reducing the…

April 1, 2020

Egypt’s second richest man tells workers to return to factories after curfew ends

Egypt's second richest man has urged authorities to order people back to work once a curfew ends, and threatened to…

March 31, 2020

Banks lower charges for social grant recipients amid Covid-19 pandemic lockdown

Social grant recipients will in the next few days make use of many ATMs and retail shops as possible to…

March 30, 2020

MultiChoice sets aside R80 million for salaries during the national lockdown

MultiChoice has set aside R80 million to pay their cast, crew and creatives in the industry during Covid-19 and the…

March 29, 2020

Ambitions of the CEMAC stock exchange

The Central African Stock Exchange wants to accelerate economic diversification of the sub-region following a listing operation on the Central…

March 27, 2020

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