South Africa to launch new Covid loan scheme from April – what you should know
Government is launching a new loan scheme aimed at supporting South African businesses facing distress caused by the Covid-19 pandemic. Source: BusinessTech
News
Discovery to offer ultra low-cost health cover in South Africa
Discovery is starting to sell private health cover in South Africa at about a third of the price of its prior entry-level product, a move to attract new customers and tap into pandemic-heightened concerns about health. Source: BusinessTech
Absa reports strong profit growth, declares dividend
Financial services group Absa said Monday that headline earnings of R18.6 billion for the period ended December 2021, was more than double the earnings generated a year ago. Source: BusinessTech
South Africa faces record-high petrol price hike in April – government asked to intervene
Government will need to intervene in the coming weeks to soften the impact of a record-high petrol price increase in South Africa, say economists. Source: BusinessTech
Oil resumes slide with focus on Ukraine talks
Oil declined following a volatile week of trading after Ukraine’s president said talks with Moscow show signs of becoming more substantive, prompting some cautious optimism about steps toward deescalation. Source: BusinessTech
Ramaphosa sends warning to businesses in South Africa
President Cyril Ramaphosa says he will step up anti-corruption measures against the private sector, with corrupt businesses relationships partly responsible for the deterioration of service delivery in the country. Source: BusinessTech
11 cars you can buy for under R200,000 in South Africa right now
The new Suzuki Celerio has been announced in South Africa and joins the under R200,000 market. Source: BusinessTech
The South African shares that could be impacted by Russia’s invasion of Ukraine
There is the possibility that some of South Africa’s locally-listed shares may experience come effect or have some exposure to Russia’s invasion of Ukraine, say economists at Momentum Investments. Source: BusinessTech
Making an offer to purchase on a property – what the law says
When you find a home you want to buy, the next step is usually to make a written Offer to Purchase (OTP) which the agent will then present to the seller to accept, reject or make a counter-offer. Source: BusinessTech
Regulator suspends Kulula and British Airways flights in South Africa indefinitely
South Africa’s Civil Aviation Authority (SACAA) has indefinitely suspended Comair flights in South Africa due to safety concerns. Source: BusinessTech