There’s a long way to go, but Covid-19 is accelerating the adoption of tech solutions. The public sector has been slow to embrace the IT revolution that has been adopted by the private sector, but tha...
Despite a last-minute request by Santam’s lawyers to have Guardrisk’s Supreme Court of Appeal (SCA) Covid-19-related business interruption insurance case against Café Chameleon postponed, the hearing ...
While Naspers and Prosus management is correct in saying that the global internet group delivered good results for the first six months of its financial year, a closer look at the figures shows that m...
Former president Jacob Zuma’s walkout at the Judicial Commission of Inquiry into Allegations of State Capture last week has landed him in the commission chair’s dogbox. Deputy Chief Justice Raymond Zo...
How much exchange controls are relaxed may come down to the interpretation of a clause in the Pension Fund Act. This is according to Sygnia joint CEO Magda Wierzycka, who hosted a webinar on the impac...
‘The success story of lockdown is e-commerce…. We’ve been investing to drive it’ – CFO, Basil Sgourdos. NOMPU SIZIBA: Naspers came out with interim results today. My colleague, Ryk van Niekerk, caug...
‘This is not a time to abandon [our staff]. It’s a time to stand with them. It does mean our recovery will be longer’ – CEO, Dr Richard Friedland . NOMPU SIZIBA: JSE-listed hospital group Netcare re...
For travellers quarantine is interpreted as though the border of a country is still completely closed. This is according to research by the International Air Transport Association. That is why the ind...
The South African Broadcasting Corporation met with labour for the first time since suspending retrenchment consultations last week. The SABC and unions will now have until next Monday to seek an alte...
Wish filed documents for a share offering Friday, revealing a user base of more than 100 million. Its business has been focused so far on delivering goods at low prices from Chinese sellers, but has b...
The International Air Transport Association is in the final development phase of a digital health pass for travellers. The IATA Travel Pass will manage and verify the secure flow of necessary testing ...
Germany will trial a new hydrogen-powered train, its state-owned rail company said Monday, signalling a transition away from gas-guzzling diesel engines as it aims for a carbon-neutral future. Develop...
Toilet paper aisles are emptying again as COVID-19 curfews and shutdowns in states from California to New York send pandemic-weary shoppers on a new scramble for essentials.
The rand gained on Monday, lifted by global optimism over coronavirus vaccines and shrugging off ratings downgrades that are likely to push up government borrowing costs. At 1430 GMT, the rand traded ...
South Africa’s full economic recovery from the coronavirus crisis is likely to be “slow and difficult,” deputy central bank governor Fundi Tshazibana said on Monday. Speaking at an emerging market cen...
Jeff Bezos agreed to back Africa-focused financial technology company, Chipper Cash, making it his first start-up investment on the continent. The world’s richest man’s personal venture capital fund, ...
The Labour Court has dismissed union, the National Union of Metals of SA (Numsa) application to scrap Comair’s retrenchment process, paving the way for the airline to continue to implement its busines...
The downgrading of South Africa by two ratings agencies on Friday reinforces the fiscal crisis we are facing. Both Moody’s and Fitch have sounded alarm about government’s debt levels and its seemingl...
South African retailer Pepkor Holdings on Monday reported a 34% fall in annual profit due to Covid-19 trading restrictions but said it had gained “significant” market share since May, thanks to consum...
For the past fortnight we’ve been melting in Zimbabwe as we wait for the rain to move down the continent and bring us some relief. Early in the mornings when the temperature is still around 16 degree...
The Trump administration is close to issuing a list of 89 Chinese aerospace and other companies that would be unable to access US technology exports due to their military ties, Reuters reported. The U...
Asian markets mostly rose again Monday but investor sentiment remains divided between optimism over vaccine developments and concern about surging virus cases around the world. A lack of movement in s...
The euro area is slipping into another contraction amid new virus restrictions that are taking a massive toll on parts of the economy. IHS Markit’s composite Purchasing Managers’ Index fell to 45.1 in...
European stock markets opened firmer Monday, buoyed as positive news on another coronavirus vaccine trial helped offset concerns over soaring case numbers, dealers said. In London, the FTSE 100 index ...
Hong Kong stocks finished higher Monday on hopes for a coronavirus vaccine being rolled out as soon as next month, though gains were capped by worries over a fresh spike local spike in infections. The...
A South African corruption inquiry will lodge a criminal complaint against Jacob Zuma, after the former president left the proceedings last week without obtaining permission, the presiding judge said ...
The Labour Court has dismissed an application by NUMSA against Comair and union Solidarity. It relates to a retrenchment process and a collective agreement at the airline, which NUMSA disagrees with. ...
Equity markets rose again Monday on growing optimism over vaccine developments but concern about surging virus cases around the world tempered sentiment once again. A lack of movement in stimulus talk...
Some of the disruptions took a violent turn and threats were made against staff. Sanral decided to suspend the works between October 22, 2018, and January 13, 2019, at which point the contractors wer...
The Reserve Bank has announced that cheques will not be supported by the country’s national payment system from January 1. SA’s national payment system (NPS) encompasses the entire payment process fro...
Aviation company Comair has reopened bookings for domestic British Airways’ flights. In a statement released on Monday it said it plans to begin serving all domestic British Airways’ routes it previou...
South Africa may struggle to stick to a plan to rein in government spending by freezing public-sector wages, Fitch Ratings said on Monday. Finance minister Tito Mboweni has outlined a plan to pare the...
Takealot.com, South Africa’s largest online retailer, grew revenue by 41% to US$238-million (R3.7-billion at the time of writing), despite being limited to selling only “essential items” during the ha...
South Africa’s energy regulator on Monday invited the public to comment on a government plan to procure new nuclear capacity to come online after 2030. People can submit written comments to Nersa by F...
Prosus is on the lookout for acquisitions after the e-commerce giant reported a 28% rise in first-half earnings and a net cash position of $4.3 billion. The owner of global internet assets specializin...
The African National Congress (ANC) has proposed using state-run unemployment and compensation fund surpluses to help rescue the country’s debt-laden power utility, raising the ire of labour unions. I...
South Africa’s ruling party has proposed using state-run unemployment and compensation fund surpluses to help rescue the country’s debt-laden power utility, raising the ire of labour unions. In discus...
Prosus NV is on the lookout for acquisitions after the Dutch e-commerce giant reported a 28% rise in first-half earnings to end September 2020, and a net cash position of $4.3 billion. The owner of gl...
The rand opened stronger on Monday, lifted by global optimism over coronavirus vaccines and shrugging off ratings downgrades that are likely to push up government borrowing costs. At 0702 GMT, the ran...
Positive vaccine news is fueling optimism that an economic reopening is no longer a pipe dream. After going half-insane watching a tiny cabal of technology megacaps rule stock indexes all year and mak...
Kenya is seeking a loan of as much as $2.3 billion from the International Monetary Fund under the lender’s extended fund facility. Talks on a possible 3 1/2-year loan program are expected to conclude ...
It may come down to another pharmaceutical breakthrough to set the tone for emerging markets headed toward 2021. It may come down to another pharmaceutical breakthrough to set the tone for emerging ma...
South Africa’s central bank held its benchmark interest rate for a second straight meeting. Emerging-market equities and currencies last week rose for a third week amid optimism over progress toward a...
The department of public enterprises has confirmed that its spokesperson Sam Mkokeli has resigned. According to a statement from the DPE on Monday morning, Mkokeli resigned in late October and is curr...
Naspers said on Monday its profits for the half year ended September 30 fell 4.2%, which it said was due the spin off of subsidiary Prosus and resulting reduction in its holding in international asset...
Finance Minister Tito Mboweni has asked his almost 1 million Twitter followers if SA in fact needs a national airline. This comes about a month after SAA was granted R10.5 billion in additional fundin...
Nicolas Sarkozy’s corruption trial is scheduled to begin Monday in Paris over allegations he promised to help an official land a prestigious Monaco court job in exchange for covert aid in a legal figh...
The dollar dropped to a two-and-a-half year low as fast-tracked plans to roll out a coronavirus vaccine in the U.S. bolstered appetite for risk assets. The Bloomberg Dollar Spot Index fell as much as ...
World leaders urged countries not to lose sight of climate goals in the coronavirus pandemic, endorsing the aims of the Paris agreement amid hopes that US President-elect Joe Biden will rejoin the acc...
Feeding babies and toddlers isn’t child’s play, but Nigerian entrepreneur Seun Sangoleye discovered this only once she had her own. “I had no idea what to feed my son, besides formula [milk],” she sa...