Woolworths has changed a lot about how it does business. It has to do with a deal worth billions of rand. This means that the company is changing its strategy and concentrating on what it’s good at. What’s going on? The deal has something to do with Woolworths’ clothing business in Australia. It’s one of […]
A new concept car from Caterpillar Inc. has drawn interest from tech and construction enthusiasts all over the world in recent months. The company is famous for making some of the toughest construction tools. They just showed off a smart pickup truck concept that is perfect for tough industrial job sites. The concept car has […]
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 means of the Auditor-General (AG) of South Africa. The Department said in a assertion this transient halt would allow the […]
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 consultation, patients can see a medical doctor inside 20 to 30 minutes of their request. – Trade tensions between Ghana […]
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 million people. Prime Minister Abiy Ahmed’s administration is looking to auction two new mobile-network licenses and promote a minority stake […]
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 crew in the Eastern Cape. Labat said in a declaration the previous day that it had been granted a 60-day […]
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 to be anticipated as the countrywide lockdown on March 27th imposed to curb the unfold of the new coronavirus, noticed […]
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 of African Bank Holdings Limited (ABHL), said the support amenities would be supplied over a length of three years and […]
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 that it was once not planning to pay dividends in the short term, given the affect of Covid-19 on its […]
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 its suppliers undertake technologies to cast off the use of fossil fuels in the manufacturing of cleaning merchandise by way […]
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 approvals, in Q4 2020. Founded in 2014, Sendwave has constructed a main and swiftly growing digital remittance provider to East […]
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 about ways to help bankrupt South African Airways fly once more after more than 5 months of dormancy, said the […]
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 policies announced via the government. “Following recent reviews of alcohol stores breaching the degree two lockdown regulations, the Beer Association […]
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 with the exception of one-time items fell 67% in the six months via June, the Johannesburg-based insurer stated in a […]
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 of 885 million rand ($53.26 million) on Monday. The hotel and casino industry, which counts on international travellers and the […]
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 of Public Enterprises and advisers from FirstRand Ltd.’s Rand Merchant Bank began negotiations after receiving as many as four promising […]
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, suggested a net loss of R1.2bn in contrast to an R800 million loss a yr earlier. The group’s headline loss […]
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 state-owned East African provider is beginning to resume worldwide flights after the government eased tour restrictions it imposed to help […]
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 and only candidate, over an exceptional annual meeting held via a video conference call, thanked his peers, “We also made […]
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 in the rand currency, global supply chain disruptions and declines in demand for some products. The organization said turnover was […]