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%.
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.
The Competition Commission has filed a new charge sheet with the Competition Tribunal involving 28 banks that are accused of manipulating the rand.
Authorities say the price of both grades of petrol will increase by R1.18 cents per litre from midnight on Tuesday.
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 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 […]
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.
Government has brought back 93 South Africans who were stranded in Turkey, including 29 musicians.
A group of 22 South Africans who were to be repatriated from Kenya – as the world battles coronavirus – remain stranded in Nairobi.
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.