SA’s unemployment reaches a record high of 30.1%
South Africa’s unemployment rate increased to 30.1% in the first quarter of this year from 29.1% in the previous quarter, according to data released by... Read more.
Pick n Pay says it will cut prices for essential and staple food by R500 million this year
Retail giant Pick n Pay have committed today to slash prices for essential and staples food by R500 million this year to relieve pressure on embattled households.... Read more.
Banks leave many black businesses out in the cold
‘White boys’ club still benefits from COVID-19 scheme... Read more.
The Undertaker ends his WWE career
Legendary professional wrestler Mark William Calaway, better known by his ring name ‘The Undertaker’ has announced his retirement from WWE. He is ending... Read more.
Swiss authorities probe Glencore over DRC corruption allegations
Switzerland-headquartered commodity trading and mining giant, Glencore’s alleged shady dealings in Africa, has come back to haunt the group. Its share price plunged... Read more.
Telkom mobile business records a 54,4% growth in revenue
Telecommunications group Telkom is relying largely on the robust growth of its mobile business segment to offset record losses of subscribers in its traditional... Read more.
SA economy will shrink the most in 100 years – Lesetja Kganyago
The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, today warned that the South African economy will see the steepest contraction in... Read more.
Land Bank says it is close to securing a R3 billion liquidity facility
State-owned agricultural lender, Land Bank, said today, it was close to finalising a R3 billion liquidity and debt restructuring plan after it missed loan... Read more.
PIC applauds arrests of suspects in the looting of VBS
The Public Investment Corporation (PIC), Africa’s largest asset manager has welcomed the arrest of alleged VBS Mutual Bank looters who are expected... Read more.
Edcon to retrench 22 000 workers
Embattled retailer Edcon said today it had sent retrenchments notices to 22 000 of its staff, blaming power cuts, lack of binding offers to buy the business and... Read more.
