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S.Africa’s FirstRand warns of over 20% profit fall

4 June 2020, 4:41 PM

South African lender FirstRand said on Thursday its full-year profits were likely to be more than 20% lower than in 2019 due to falling revenues and a spike in bad debts, pushing its shares down almost 2.5%.

Some banks accused of manipulating the Rand commit to cooperate with investigation

3 June 2020, 3:36 PM

ABSA, Nedbank and Rand Merchant Bank have responded to the new charge sheet that the Competition Commission has filed accusing 28 local and international banks of manipulating the foreign exchange rate relating to the Rand.

Competition Commission files new charge sheet against banks for manipulating the rand

2 June 2020, 7:01 PM

The Competition Commission has filed a new charge sheet with the Competition Tribunal involving 28 banks that are accused of manipulating the rand.

Fuel price to increase by over one rand on Tuesday

1 June 2020, 9:25 PM

Authorities say the price of both grades of petrol will increase by R1.18 cents per litre from midnight on Tuesday.

Malawians being repatriated from SA left stranded

1 June 2020, 2:21 PM

Reports from the Malawian border with Mozambique, say over nine buses ferrying Malawian repatriates from South Africa, has crossed the Mozambique side of the border into Malawi, but are now stranded in no-man’s land.

Botswana to help repatriate citizens stranded abroad

31 May 2020, 1:36 AM

Botswana will help repatriate citizens stranded abroad by coronavirus travel bans, with more than 100 due to arrive on Wednesday from Ethiopia, President Mokgweetsi Masisi said on Saturday. Botswana ended a 48-day lockdown a week ago, allowing businesses and schools to reopen under strict conditions but its borders are still closed with only returning citizens […]

Tiger Brands eyes ‘significant’ job cuts on coronavirus

25 May 2020, 8:54 PM

South African food producer Tiger Brands is looking to cut “significant” numbers of jobs and has scrapped its interim dividend due to supply disruptions and margin pressures linked to the coronavirus, it said on Monday.

93 South Africans stranded in Turkey brought back home

23 May 2020, 12:22 PM

Government has brought back 93 South Africans who were stranded in Turkey, including 29 musicians.

22 South Africans remain stranded in Kenya as airline cancels flight

19 May 2020, 8:41 PM

A group of 22 South Africans who were to be repatriated from Kenya – as the world battles coronavirus – remain stranded in Nairobi.

Thomas Bach and Dr Tedros Adhanom Ghebreyesus

International Olympic Committee, WHO sign Memorandum of Understanding

16 May 2020, 6:11 PM

President of the International Olympic Committee, Thomas Bach, and Director General of the World Health Organisation (WHO), Dr Tedros Adhanom Ghebreyesus, have signed a new Memorandum of Understanding at the headquarters of the World Health Organisation in Geneva, Switzerland.

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