SA’s consumer confidence plunges to a 35-year low
Consumer confidence in South Africa plunged to a 35-year low in the second quarter of the year due to COVID-19 – resembling the subdued consumer sentiment recorded... Read more.
Massmart to cut 1800 jobs at Game
Retail giant Massmart today announced it might lay off nearly 2000 workers at its Game stores across the country. Massmart, which also owns Makro, in a statement,... Read more.
Transnet appoints Nonkululeko Dlamini as its new CFO
Transnet has appointed outgoing chief financial officer (CFO) of the Industrial Development Corporation (IDC) Nonkululeko Dlamini as its new finance – becoming... Read more.
Advisors, auditors and lawyers score R5.3 billion from Steinhoff in just two years
Embattled Steinhoff said today, it had paid advisory fees of €275 million (R5,3 billion in today’s exchange rate) over the past two years as the group... Read more.
Sector sceptical about build plan
The embattled construction industry is sceptical about the government following through with the massive infrastructure spend plans announced this week. President... Read more.
SA sinks deeper into recession, the worst yet to come
South Africa’s economy plunged 2% in the first quarter of the year following a 1.4% contraction in the last quarter of 2019 – sending the country deep... Read more.
The price of petrol shoots off the roof
The Department of Mineral Resources and Energy today announced a steep increase in the price of fuel on the back of higher oil prices and a strong rand. The increases... Read more.
Comair asks for more time to stitch together business rescue plan
The business rescue practitioners (BRPs) of embattled airline Comair have asked creditors to extend the deadline for the publication of the company’s business... Read more.
COVID-19 forces NHBRC office in Tzaneen to close
The National Home Builders Registration Council (NHBRC) satellite office in Tzaneen is the latest institution to be affected by COVID-19 virus after an employee... Read more.
ANC top 6 leaders ignored Prasa corruption – Popo Molefe
Former chairperson of the Passenger Rail Agency of South Africa (Prasa) Popo Molefe on Monday said the ANC top six leaders whose term of office lapsed at the 2017... Read more.
