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Mr Price sees tough times ahead – as government relief for consumers comes to an end
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%.
Cyril Ramaphosa is losing support, as business warns of deep lasting damage
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 becomes first $2-trillion US company
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.
SA businesses showing resilience in a time of massive disruption – a CFO’s view
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.
South Africa is passing its coronavirus peak: Mkhize
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.
Major trading scheme under investigation in South Africa
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 probes dubious virus contracts worth R5 billion
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.
SAA in talks with potential buyers
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.
Eskom stage 2 load shedding continues on Thursday
Eskom has announced that stage 2 load shedding will continue on Thursday (20 August), as its system remains severely constrained.