FITA granted permission to appeal tobacco sales ban

9 July 2020, 7:28 PM
The High Court in Pretoria has granted the Fair Trade Independent Tobacco Association (FITA) permission to appeal government’s ban on the sale of cigarettes during lockdown. The application will be heard on July 15.
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Old Mutual appoints Iain Williamson as its new CEO 6 July 2020, 1:27 PM

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. 

Former VBS CFO plans to plead guilty: State 6 July 2020, 10:45 AM

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.

State Capture Inquiry to hear Bosasa related testimony on Monday 6 July 2020, 8:33 AM

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.

Sasol gives up licence to seek offshore gas in Mozambique 6 July 2020, 1:31 AM

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.

Increasing state expenditure won’t necessarily translate to economic growth: Treasury 5 July 2020, 5:12 PM

The National Treasury says increasing government's expenditure will not necessarily translate into economic growth.

Numsa, SACCA to take legal action to prevent liquidation of SAA 5 July 2020, 12:00 PM

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.

Trump approves five-week extension for small business pandemic loan applications 5 July 2020, 5:00 AM

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.

Five arrested for COVID-19 UIF fraud 4 July 2020, 3:44 PM

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.

No further action in terms of bailing out SAA: Treasury 4 July 2020, 7:39 AM

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.

COSATU calls for risk allowance to essential public service workers 4 July 2020, 6:59 AM

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.

Gilead’s COVID-19 antiviral remdesivir gets conditional EU clearance 4 July 2020, 3:38 AM

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.

Land Bank default forces central bank into bailout of state investment arm 3 July 2020, 9:56 PM

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.

UIF under pressure to pay unemployed South Africans 3 July 2020, 5:17 PM

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.

Satawu confirms it’s prepared to accept SAA’s voluntary severance packages 3 July 2020, 11:00 AM

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.

SABC launches revised editorial policies, legal action looms 3 July 2020, 10:50 AM

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.

Irish 2020 GDP may fall by 14% in virus second wave: Central Bank 3 July 2020, 1:39 AM

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.

Behave yourselves, UK PM Johnson warns as pub reopening nears 3 July 2020, 1:14 AM

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.

Record job growth powers Wall St, Nasdaq hits all-time high 2 July 2020, 5:27 PM

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

VIDEO: State Capture Commission, 2nd July Part 2 2 July 2020, 2:10 PM

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 denies claims of COVID-19 related deaths at the company 2 July 2020, 12:56 PM

G4S South Africa Managing Director, Renso Smit, has denied that three of their employees died from COVID-19.

Mbalula due to report back to taxi industry leaders over loading capacity request 2 July 2020, 10:08 AM

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.

SABC expected to appear before the CCMA on Thursday 2 July 2020, 8:08 AM

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.

North West government, MCSA agree on efforts to curb COVID-19 spread at mines 2 July 2020, 7:33 AM

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 slip on demand fears as US virus cases surge 2 July 2020, 5:10 AM

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 looks to restart economy after months-long lockdown 1 July 2020, 11:30 PM

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.

Easing lockdown lifts South Africa’s Absa PMI in June 1 July 2020, 9:37 PM

South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) expanded in June as an easing of coronavirus restrictions lifted business activity and sales.

Big South African insurers face R4 billion in claims from over 500 coronavirus-hit firms 1 July 2020, 9:02 PM

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
Steinhoff faces legal claims of more than R170 billion 1 July 2020, 8:39 PM

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.

JSE fines Tongaat Hulett over non-compliance 1 July 2020, 8:08 PM

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.

Dawie Roodt
‘SA’s economy to remain uncertain for foreseeable future’ 1 July 2020, 9:26 AM

Economist Dawie Roodt has warned that the South African economy will remain uncertain for the foreseeable future.