South Africa's very first multiple-party government from the post-apartheid period deals with critical threats as ANC and DA leaders fight about the national spending plan while South African money struggles in unstable political times. The…
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…
Business: Kenya Airways to resume flights to 3…
Kenya Airways stated it will resume business passenger flights to Ghana and Sierra Leone on September 16 and to Liberia on September 17. The flag carrier stated in an advertisement in the Daily Nation newspaper…
Business: Telkom shares are snubbed for cash proposal
Telkom investors have snubbed the board’s request for a regularly occurring authority in the issuance of shares in the telecoms corporation for cash on the grounds the pass could dilute current shareholding structure. The shareholders…
Business: Payments for UIF Covid-19 TERS were again…
The payments for the new and high-quality applications for the Covid-19 TERS remedy benefits have been halted while the Department of Employment and Labour and the Unemployment Insurance Fund (UIF) improve controls as urged by…
Business: Nigeria- Ghana Trade Tensions
Kenya's hospitals are seeing 50-60% fewer medical institution visits due to the covid-19 pandemic. A Kenyan company has developed a smartphone software that allows sufferers to get the remedies they need. Starting at US$10 per…
Business: Ethiopia Telecom auction scheduled with Orange in…
Ethiopia has set a new deadline of February 2021 to whole the partial privatisation of the country’s telecommunications industry, with carriers such as Orange SA eager to increase into a market of extra than 100…
Business: Labat Africa became the first healthcare organization…
LABAT Africa has taken every other step ahead in its ambition to grow to be a leading cannabis healthcare corporation by getting into negotiations to acquire a South African Health Products Regulatory Authority-licensed hashish developing…
Business: Economy Down by 51% in 2nd Quarter…
South Africa's economy, the most industrialised in Africa, collapsed by using 51% between April and June in light of the Covid-19 pandemic, according to the country's information agency. An unheard of decline in GDP used…
Business: African Bank signs a R8bn aid deal…
African Bank stated on Monday that it had entered into an R8 billion help arrangement with its shareholders to re-enter the South African wholesale funding market. The bank, which is a one hundred percentage subsidiary…
City Lodge parks dividend after loss of R486…
City Lodge Hotels parked its remaining dividend charge for the yr ended in June as it fluttered to a R486.6million loss on Covid-19 monetary fallout on its hotels. The crew stated the day gone by…
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…
