The Global Minimum Tax Act which requires large multinational enterprises (MNEs) operating in the nation to pay a global minimum corporate tax rate of 15% was formally signed into law by South Africa in a…
Business: Poultry exports resumes after 14-year avian flu…
Egypt is set to export fowl in the ultimate quarter of 2020 following the lifting of a suspension of over a decade due to the avian flu outbreak of 2006. According to a record with…
Business: Women powering the revolution in Africa digitally
On this edition of Business Africa, we meet the women bossing Twitter timeliness across the continent. Also on this show, two sides of the Covid-19 coin; a contact tracing app in Ethiopia and the pandemic's…
Business: South Africa largest PPC cement producer delays…
PPC Ltd. delayed the launch of its full-year income for a third time as South Africa’s largest cement maker continues to fix accounting blunders and strives to finalize a refinancing plan. The Johannesburg-based agency will…
Business: FITA terminates the membership of Gold Leaf…
The Fair-Trade Independent Tobacco Association stated on Wednesday it had expelled the Gold Leaf Tobacco Company from its ranks with instant effect. FITA chairman Sinenhlanhla Mnguni tested that Gold Leaf's membership had been terminated, however…
Business: As the pandemic takes its toll, RMI…
JSE-listed funding maintaining agency Rand Merchant Investment (RMI) stated on Friday that its headline profits fell with the aid of nearly 50percent for the yr to end June, generally due to the big provisions raised…
Business: Eskom’s new CEO plans to fix South…
Andre de Ruyter knew properly the adversity he confronted at South Africa’s strength monopoly -- a state-owned wreck hollowed out with the aid of corruption that struggles to hold the lights on, pay its bills…
Business: SAA Technical withdraws parent company services over…
South African Airways' upkeep subsidiary has withdrawn offerings to its mum or dad after the struggling airline failed to pay cash owed to the unit, an SAA spokesman said on Saturday. Administrators took control of…
Business: Omnia is turning tide in the middle…
South Africa’s Omnia Holdings Ltd. is emerging from the coronavirus pandemic on pinnacle after the agricultural and chemicals enterprise flipped from big financial losses and surging debt to better liquidity and with enlargement plans on…
Business: Finger points for banking investigation at Standard…
The escalating probe into the banking enterprise has fingered one of the country’s biggest banks as being part of a giant community in which nearby financial establishments have been involved in dodgy dealings. The investigation…
Business: For post-Covid-19 recovery, startups may rely on…
This pandemic has caused sizeable disruptions on economies leading to quite a few agencies – massive or small – going below amid Covid-19-induced lockdowns. As startups confront unprecedented times, many are questioning of taking dramatic…
Business: African tech startups are beating the pandemic’s…
When modern versions of African tech ecosystems started out taking structure a decade ago, the big, existential question used to be about where investment would come from. As successive years of record-breaking funding signaled investor…
Business: Losses and Recovery of African Air Space
Africa faces a difficult choice as infections and fatalities are rapidly rising; does it welcome back international flights that originally brought COVID -19 to the ill-prepared continent, or continue restrictions on flights and further hurt…
Business: Tribunal worried that TNPA may have dodged…
The Ports Regulator of SA Tribunal expressed grave challenge about the stance adopted by way of the Transnet National Ports Authority (TNPA) at the Port of Saldanha in that it regarded to have decreased itself…
Business: Is the SAA rescue offer going to…
The government is set to dip into its own pocket to bail out SAA and retailer the struggling airline from liquidation while asking quite a number lenders to finance the R2 billion retrenchment process. The…
Business: Comair closer to take-off as creditors implement…
Comair on Friday surpassed another great waypoint en route to returning to the skies when the giant majority of creditors and shareholders voted to adopt the business rescue plan. The company stated on Friday that…
Business: Franschhoek Wine Tram Back on Track Post-Lockdown…
All aboard the famous South African Franschhoek Wine Tram back on track following a six-month hiatus due to strict sanitary regulations in light of the Covid-19 pandemic — as was the case with many businesses…
Business: Africa’s richest man, Aliko Dangote bets on…
On a peninsula east of Lagos, 30,000 employees are employed on a task that holds out the promise of transforming Nigeria’s economic fortunes. It’s right here that Aliko Dangote, Africa’s richest man, plans to spend greater than…
Business: COVID-19 may help revamp Africa’s economies
The coronavirus pandemic may want to convey tremendous modifications to Africa’s economies even if output shrinks by means of as tons as 10% this year, in accordance to a new investment report. There are already…
