Standard Bank, South Africa’s biggest lender by assets, said Thursday (20 August), that its results for the six months ended June 2020, reflect a very difficult environment as a result of the impact of Covid-19 and resulting lockdown, particularly in South Africa.
The Department of Public Enterprises appeared in parliament on Wednesday (189 August) to give an update on the progress it is making in addressing governance challenges facing state-owned entities (SOEs).
The Mr Price Group has published a trading statement for the 6 months ending 26 September 2020, with the group expecting headline earnings per share to fall at least 20%.
Trust in president Cyril Ramaphosa has dropped by 24 percentage points to 61% since the Covid-19 outbreak, according to new survey data by the University of Johannesburg (UJ) and Human Science Resources Council (HSRC).
Apple Inc. made Wall Street history on Wednesday when its 2020 stock surge pushed the market value over $2 trillion, the first time a U.S. company has surpassed that level.
As the first Sage region to conduct the CFO 3.0 research after the pandemic outbreak, it was encouraging to note that, although senior financial decision-makers are dealing with the biggest shift in their roles in the past decade, South African businesses have shown resilience in a time of massive disruption.
Health minister Dr Zweli Mkhize says that South Africa is moving away from its coronavirus peak and that the country’s recovery rate is continuing to increase.
The Financial Sector Conduct Authority (FSCA) says it is investigating the activities of Mirror Trading International (MTI) and has advised that clients withdraw funds from the scheme as quickly as possible.