South African motorists can expect a significant fuel price hike in August, with mid-month data from the Central Energy Fund pointing to petrol and diesel price pain next month – even before factoring in the damage done by riots and looting in KwaZulu Natal and Gauteng. Source: BusinessTech
Tiger Brands, the owner of household brands including Koo, Albany Bread, and Tastic, says that incidents of civil unrest, widespread looting, and vandalism in Kwa-Zulu Natal (KZN) and parts of Gauteng have had a material impact on its operations. Source: BusinessTech
Plans to send 25,000 soldiers on a peacekeeping mission to Kwazulu-Natal and Natal have come too late, says Peter Attard Montalto, an analyst at Intellidex. Source: BusinessTech
The Department of Defence and Military Veterans has published the code of conduct for ‘Operation Prosper’ – detailing the rules that South African National Defence Force (SANDF) members will have to follow in their response to the ongoing violence and looting being seen in South Africa. Source: BusinessTech
Leading cryptocurrency investment platform OVEX offers up to 20% per annum to South Africans who deposit stablecoin into their interest accounts. Source: BusinessTech
InSites Consulting South Africa today revealed the results of its annual SITEisfaction survey, which shows the behaviour and experience of online customers using South Africa’s six main consumer banks: FNB, Capitec, TymeBank, Nedbank, Standard Bank and Absa. Source: BusinessTech
The South African Insurance Association (SAIA) has called on all policyholders who have suffered losses or damage to property to reach out to their respective insurance companies or brokers/financial intermediaries for assistance. Source: BusinessTech
President Cyril Ramaphosa has told the leaders of South Africa’s political parties that the government is intensifying its efforts to stem the violence and looting in various parts of the country. Source: BusinessTech
Listed mass retailer of building materials, home improvement and related products, Cashbuild on Wednesday (14 July), highlighted the damage caused to its outlets and operations mainly in Gauteng and KwaZulu-Natal from the ongoing violent protests and looting in South Africa. Source: BusinessTech
Deadly riots. Sky-high unemployment. A surge in virus infections. Add to that rising US inflation and prospects of Federal Reserve tapering, and South Africa’s rand is in a tight place. Source: BusinessTech
