The United Arab Emirates (UAE) has always been considered an important player in the international business environment. But beyond the economic powerhouse, the UAE is increasingly becoming a role model in tolerance and a reliable…
Business: Unilever to get rid of the fossil…
When a company units a aim to reach zero emissions inside decades, it has to begin cutting carbon on each and every possible front. For Unilever, that skill spending $1.2 billion (R19.89 billion) to assist…
Business: WorldRemit to acquire Sendwave, a remittance company…
Digital, international cross-border payments company WorldRemit introduced it has agreed to collect Sendwave, a rapidly growing app-based remittance organisation in a cash and stock transaction that is expected to close, concern to licensing and regulatory…
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 kingdom airline, in accordance to people familiar with the matter. Africa’s biggest service is thinking…
If lockdown laws continue to be flouted we…
The Beer Association of South Africa, which incorporates the Craft Brewers Association South Africa, Heineken and the South African Breweries, on Wednesday threatened to reduce alcohol provide to establishments flouting the Covid-19 alert level 2…
Business: Old Mutual defers dividend in African companies…
Old Mutual Ltd. suspended its interim dividend as the fallout from the coronavirus pandemic savaged earnings, and will only make a choice on resuming payments when it has greater readability on the economic outlook. Profit…
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 restructuring plan to survive the pandemic, which took the firm into a half-year headline loss…
South Africa: Talks With Keen Investors in State…
South Africa‘s government has started talks with private entities interested in buying into the country’s insolvent national carrier, which needs at least 10 billion rand ($583 million) to resume operations. A team from the Department…
Business: Massmart shares continue to benefit amid loss…
Massmart earnings tumbled 40 percent at some point of the 26 weeks to June as store income slumped on the Covid-19 lockdown pandemic fallout. Massmart, which operates 420 retail and wholesale stores in 13 sub-Saharan countries,…
Business: Kenya Airways sees demand drop in the…
Kenya Airways Plc expects demand for air tour for the rest of this year to be less than half of the level in 2019 due to the ongoing impact of the Covid-19 pandemic. The partly…
Business: AfDB Unanimously Reelected Adesina As President
Still in Position Akinwumi Adesina - a 60-year-old former Nigerian agriculture minister, was unanimously re-elected to serve as the President of the African Development Bank (AfDB) for a second term of five years. The winning…
Business: Adcock Ingram revenues grow to R7.3bn by…
South African pharmaceutical conglomerate Adcock Ingram said on Wednesday its turnover rose four percent to R7.3 billion (US$434.1 million) in the yr to June no matter a prevalent monetary downturn, sizable cost-push due to weakness…
Business: Online sales of Dis-Chem leap 344 %
Dis-Chem Pharmacies said on Tuesday in a buying and selling replace for the 24 weeks from March 1 to August 15, that it had skilled widespread online sales growth of 344 percent. The rapid deployment of…
Business: MTN appoints new CEO
Mobile operator MTN has appointed Ralph Mupita as its new team president and chief executive officer with effect from 1 September 2020. Mupita has served as the MTN Group chief financial officer on the grounds that April…
Business: Dis-Chem withdraws price fine appeal inflated
Dis-Chem on Friday urged its prison group to withdraw its appeal against the Competition Tribunal’s R1.2million quality for inflating the price of surgical masks, pronouncing it would as an alternative focus on meeting its customers’…
Business: Embattled Denel reports R1.7bn loss
State-owned fingers organization Denel recorded any other loss of R1.7billion for the 2019/20 monetary year due to a significant decline in revenue collection. This emerged when the Department of Public Enterprises seemed before the portfolio…
Business: Chairman of Tiger Brands to step down…
Tiger Brands said on Friday, Khotso Mokhele would step down as chairman of the board on December 31. Mokhele will be changed by means of Geraldine Fraser-Moleketi, a lead impartial director at mining company Exxaro,…
Business: Mastercard enhances security capabilities online
As digital commerce continues to speed up owing to the COVID-19 pandemic, Mastercard has introduced it will provide tokenization services to retailers with app, eCommerce, and ordinary billing card-on-file application in South Africa, further defending…
Business: Standard bank to avoid cheque issuance
Standard Bank announced on Wednesday it had determined to stop the issuing of cheques as of December 2020 following the a variety of restrict savings added by the South African Reserve Bank (SARB). The lender…
