Old Mutual named Acting Chief Executive Officer Iain Williamson as its permanent Head. Williamson has been acting in the position since the insurer suspended and later fired its former Head Peter Moyo in 2019.
The state says it is in negotiations with former VBS Financial Officer, Phillip Truter. The state says he plans to plead guilty and serve his sentence. Truter has been granted R50 000 bail.
The Commission of Inquiry into State Capture will hear Bosasa related testimony when it resumes on Monday. Private contractor Charl Le Roux will be testifying at the Commission that's sitting in Johannesburg.
South African petrochemicals giant Sasol Ltd has opted to give up its licence to explore for gas off the Mozambique coast, the company said on Sunday.
The National Treasury says increasing government's expenditure will not necessarily translate into economic growth.
Trade unions, the National Union of Metalworkers of South Africa and the South African Cabin Crew Association, say they will take legal action to prevent the liquidation of South African Airways and have called on President Cyril Ramaphosa to fire Finance Minister Tito Mboweni.
US President Donald Trump on Saturday signed into law a deadline extension to August 8 for small businesses to apply for relief loans under a federal aid program to help businesses hurt by the COVID-19 pandemic, the White House said.
The number of people arrested for the payment of R5.7 million from the COVID-19 UIF relief fund into the bank account of a 25-year-old Pretoria warehouse worker, has risen to five.
Treasury says there has been no further action in terms of bailing out SAA, except to settle the guaranteed debt as attempts to revive the airline hangs on a knife-edge.
The Congress of South African Trade Unions (COSATU) has called on government to implement a risk allowance for all essential service workers in the public sector during the battle against the coronavirus.
The European Commission said on Friday it had given conditional approval for the use of antiviral remdesivir in severe COVID-19 patients following an accelerated review process, making it the region’s first authorised therapy to treat the virus.
South Africa’s central bank has issued a 3.45 billion rand ($200 million) guarantee to bail out the Corporation for Public Deposits (CPD), a government investment arm hit by surging defaults at state agricultural lender Land Bank.
The UIF says it is committed to honour the payment of employees and employers affected by COVID-19 through the Temporary Employee/Employers Relief Scheme.
The South African Transport and Allied Workers Union (Satawu) says it is prepared to accept the voluntary severance packages offered as part of South African Airway's (SAA) business rescue and restructuring process.
Labour Union, the Broadcasting, Electronic, Media & Allied Workers Union (Bemawu) has threatened to lodge a dispute against the SABC's revised editorial policies. The policies were launched on Friday, three years after a policy review was initiated.
Tentative signs of recovery in Ireland’s economy means it is likely to shrink by 9% this year if further stringent measures to contain the coronavirus are avoided but almost 14% if they are reimposed, the country’s central bank said on Friday.
Prime Minister Boris Johnson will urge Britons to act responsibly when pubs reopen this weekend,warning that businesses, livelihoods and the future of the whole economy depends on it.
Wall Street opened higher on Thursday, with the Nasdaq hitting an all-time high as data showed the US economy added jobs at a record pace in June
The State Capture Inquiry continues to hear testimony related to alleged corruption and maladministration at the Passenger Rail Agency of South Africa (Prasa).
G4S South Africa Managing Director, Renso Smit, has denied that three of their employees died from COVID-19.
Transport Minister Fikile Mbalula is due to report back to the taxi authorities on Thursday over their request to resume carrying passengers to full capacity.
The SABC is expected to appear before the Commission for Conciliation, Mediation and Arbitration (CCMA) on Thursday about its planned retrenchment process. The public broadcaster last month issued a notice of redundancy to staff members.
The North West provincial government and the Mineral Council of South Africa have agreed on plans to curb the rapid increase of COVID-19 infections in the province's mining areas.
Oil prices dipped on Thursday after the United States recorded its biggest one-day spike in coronavirus cases and California reimposed some lockdown measures, stoking worries a resurgence in COVID-19 cases will stall a recovery in fuel demand.
Peru entered the final stage of its economic reopening on Wednesday after ending a months-long lockdown to try and contain the spread of the novel coronavirus.
South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) expanded in June as an easing of coronavirus restrictions lifted business activity and sales.
Coronavirus-related claims from just over 500 small South African firms battling insurers who have rejected them are worth up to R4 billion, the firm representing the businesses has calculated.
Steinhoff International, battling the fallout from massive accounting fraud, faces legal claims amounting to more than R170 billion, the South African retailer’s annual report showed on Wednesday.
The Johannesburg Stock Exchange (JSE) on Wednesday issued a public censure and a maximum fine of R7.5 million on sugar producer Tongaat Hulett Ltd due to non-compliance with its listing requirements.
Economist Dawie Roodt has warned that the South African economy will remain uncertain for the foreseeable future.