Acting CEO at Brand South Africa, Thuli Manzini, says SAA’s latest decision to cancel local and domestic flights is a well planned decision that will not leave travellers stranded.
The rand has strengthened to its strongest level in five months against a basket of major currencies, mainly due to a weaker dollar, which usually strengthens the rand.
Manager of the Cartel Division at the Competition Commission, Makgale Mohlala has argued that the commission has jurisdiction to prosecute over 14 international banks, which allegedly colluded in manipulating the rand-dollar exchange rate.
Properties belonging to the African Global Group formerly known as Bosasa have been sold for a combined value of 85-point-five-million-rand at an auction in Krugersdorp, west of Johannesburg.
Grand Parade Investments (GPI) Ltd, which holds the Burger King franchise in South Africa, said on Wednesday it was in talks to sell a stake in the business, without giving a reason.
The Rand is slightly firmer as investors weighed the impact of U.S. backing for protesters in Hong Kong on its trade negotiations with China.
The leader of a Spanish rescue mission said on Sunday that Italian authorities had refused to grant port access to its Open Arms ship, leaving the vessel stranded in rough conditions in the Mediterranean with more than 70 African migrants on board.
Coty said it would pay $600 million for a majority stake in Kylie Jenner’s make-up and skincare businesses, as it looks to tap into the reality TV star’s huge social media reach, sending its shares up as much as 5%.
South Africa’s Brad Binder won the season ending Moto2 Valencia Grand Prix in Spain to secure second place on the overall standings
Airport authorities in Zimbabwe and Namibia are working to find alternative flights to Johannesburg for hundreds of stranded SAA passengers.