Government announces more support for micro, small enterprises
The South African Broadcasting Corporation (SABC) says it will ask government for a review of its budget for this financial year, due to an expected steep shortfall in revenue as a result of the coronavirus pandemic.
The Business Rescue Practitioners for embattled Comair, Shaun Collyer and Richard Ferguson, believe there are prospects for the airliner to be rescued. The practitioners met with creditors and employees to discuss the future of the airline.
Travel agents say they have no choice but to deny cash refunds to those who have cancelled their travel plans.
MSCI’s broadest index of Asia-Pacific shares outside Japan was flat.
Oil prices dipped on Wednesday as concerns over the lasting economic fallout from the coronavirus pandemic outweighed signs of improving demand and production cuts by major oil producers.
Johnson & Johnson on Tuesday announced that it would stop selling its talc-based Johnson’s Baby Powder in the United States and Canada, making the decision after a consumer products “portfolio reassessment related to COVID-19.”
The Department of Mineral Resources and Energy on Tuesday published safety rules for mines operating during the coronavirus pandemic and said failure to implement them would be a criminal offence.
Lafarge Africa will freeze capital expenditure this year, Chief Executive Khaled El Dokani said on Tuesday after the cement company forecast a drop in second-quarter sales as the coronavirus pandemic hits demand.
South Africa’s Growthpoint Properties said on Monday it had provided rent relief to 1 494 small, medium and micro enterprises (SMMEs) hit by a lockdown to contain the novel coronavirus pandemic.
The South African Revenue Service says it is concerned that two more staff members have tested positive for COVID-19.
Egypt’s central bank will provide up to 100 billion Egyptian pounds ($6.36 billion) in loan guarantees to banks to encourage lending to businesses during the coronavirus crisis, the state news agency quoted the bank’s governor as saying on Tuesday.
A majority of unions at SAA have decided to take a pay cut to mitigate the impact of the coronavirus pandemic which has seen all flights grounded.
Some shopping mall owners have been battling to collect rent from retail stores amid COVID-19 pandemic.
Oil prices rose on Tuesday, extending gains for a fourth straight session, amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing out of curbs imposed to counter the coronavirus pandemic.
The dollar nursed losses against major currencies on Tuesday after encouraging data from the trial of a vaccine for COVID-19 reduced safe-haven demand for the greenback.
Asian shares were set to rise on Tuesday after data from an early-stage trial for a coronavirus vaccine lifted hopes for a near-term economic recovery, sending global equity markets and oil prices surging.
The majority of economists in a SABC News Survey expect the Reserve Bank to cut the repo rate this week. Nine out of 11 economists surveyed expect the Reserve Bank to cut the repo rate by between 25 basis points and 100 basis points.
KwaZulu-Natal municipalities are experiencing a sharp decline in revenue due to the impact of the COVID-19 lockdown.
Total has called off a plan to acquire Occidental Petroleum’s assets in Ghana, which was conditional on the completion of the acquisition of Occidental’s other assets in Algeria, the French energy company said on Monday.
Parliament's Standing Committee on Public Accounts (SCOPA) says it wants a proper breakdown of how the money given to South African Airways (SAA) in the past five months since it was placed under business rescue, was spent.
Business organisation Sakeliga says national government is overstepping its boundaries regarding the control of provincial governance on the nationwide lockdown regulations.
Federal Reserve Chairman Jerome Powell said a U.S. economic recovery may stretch deep into next year and a full comeback may depend on a coronavirus vaccine.
Some small businesses have adapted their operations during the lockdown to keep people employed and the economy going. One young female entrepreneur in Saldanha Bay, on the Cape West Coast, has done just that. She's expanded her small clothing business.
Mineral Resources Minister, Gwede Mantashe says he is pleased with measures put in place by the mining company, Impala Platinum, to ensure the early detection of those mineworkers who have contracted COVID-19.
Mineral Resources Minister, Gwede Mantashe is expected to meet with Limpopo Premier, Stan Mathabatha and management of the Marula Platinum Mine in Bela Bela this afternoon.
British Cabinet Office minister Michael Gove said on Sunday that there was a post-Brexit trade deal to be done with the European Union (EU) providing the bloc compromised its stance, days after both sides said talks were making little progress.
Kuwait and Saudi Arabia have agreed to halt oil production from the joint Al-Khafji field for one month, starting from June 1, Kuwait's Al Rai newspaper reported on Saturday.
More and more credit life insurance companies are seeing an uptick in the credit life insurance policy claims.
Thirteen mineworkers from the Marula Platinum Mine outside Burgersfort in Limpopo have tested positive for COVID-19.
South African energy regulator Nersa says it will allow power utility Eskom to recover R13.3-billion from customers for electricity supplied in the 2018/19 financial year, lower than what the state-owned power utility had applied for.
