business

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.

South Africa’s specialized crime unit is investigating allegations of impropriety in the awarding of 658 government contracts worth more than R5 billion ($292 million) for equipment and services to tackle the coronavirus pandemic.

South Africa’s government has started talks with private entities interested in buying into the country’s insolvent national carrier, which needs at least R10 billion to resume operations.

Jobs portal Adzuna has published new data showing the cost of living and working in South Africa’s largest cities.

Experian, a consumer credit reporting company, says it has experienced a breach of data which has exposed some personal information of as many as 24 million South Africans, and 793,749 business entities, to a suspected fraudster.