Kabelo Khumalo

Business

SA’s consumer confidence plunges to a 35-year low

7th July 2020

Consumer confidence in South Africa plunged to a 35-year low in the second quarter of the year due to COVID-19 – resembling...

Business

Massmart to cut 1800 jobs at Game

7th July 2020

Retail giant Massmart today announced it might lay off nearly 2000 workers at its Game stores across the country. Massmart, which also...

Business

Transnet appoints Nonkululeko Dlamini as its new CFO

2nd July 2020

  Transnet has appointed outgoing chief financial officer (CFO) of the Industrial Development Corporation (IDC) Nonkululeko Dlamini as its new finance –...

Business

Advisors, auditors and lawyers score R5.3 billion from Steinhoff in just two years

1st July 2020

  Embattled Steinhoff said today, it had paid advisory fees of  €275 million (R5,3 billion in today’s exchange rate) over the past...

Business

Sector sceptical about build plan

30th June 2020

The embattled construction industry is sceptical about the government following through with the massive infrastructure spend plans announced this week. President Cyril...

Business

SA sinks deeper into recession, the worst yet to come

30th June 2020

  South Africa’s economy plunged 2% in the first quarter of the year following a 1.4% contraction in the last quarter of...

News

The price of petrol shoots off the roof

30th June 2020

The Department of Mineral Resources and Energy today announced a steep increase in the price of fuel on the back of higher...

Business

Comair asks for more time to stitch together business rescue plan

30th June 2020

The business rescue practitioners (BRPs) of embattled airline Comair have asked creditors to extend the deadline for the publication of the company’s...

Business

COVID-19 forces NHBRC office in Tzaneen to close

30th June 2020

The National Home Builders Registration Council (NHBRC) satellite office in Tzaneen is the latest institution to be affected by  COVID-19 virus after...

News

ANC top 6 leaders ignored Prasa corruption – Popo Molefe

29th June 2020

Former chairperson of the Passenger Rail Agency of South Africa (Prasa) Popo Molefe on Monday said the ANC top six leaders whose...