Kabelo Khumalo

Business

SA’s unemployment reaches a record high of 30.1%

23rd June 2020

  South Africa’s unemployment rate increased to 30.1% in the first quarter of this year from 29.1% in the previous quarter, according...

Covid-19

Pick n Pay says it will cut prices for essential and staple food by R500 million this year

23rd June 2020

  Retail giant Pick n Pay have committed today to slash prices for essential and staples food by R500 million this year...

Business

Banks leave many black businesses out in the cold

23rd June 2020

‘White boys’ club still benefits from COVID-19 scheme

Celebrity News

The Undertaker ends his WWE career

22nd June 2020

Legendary professional wrestler Mark William Calaway, better known by his ring name ‘The Undertaker’ has announced his retirement from WWE. He is...

Business

Swiss authorities probe Glencore over DRC corruption allegations

22nd June 2020

Switzerland-headquartered commodity trading and mining giant, Glencore’s alleged shady dealings in Africa, has come back to haunt the group. Its share price...

Business

Telkom mobile business records a 54,4% growth in revenue

22nd June 2020

  Telecommunications group Telkom is relying largely on the robust growth of its mobile business segment to offset record losses of subscribers...

Business

SA economy will shrink the most in 100 years – Lesetja Kganyago

18th June 2020

  The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, today warned that the South African economy will see the...

Business

Land Bank says it is close to securing a R3 billion liquidity facility

18th June 2020

  State-owned agricultural lender, Land Bank, said today, it was close to finalising a R3 billion liquidity and debt restructuring plan after...

Breaking News

PIC applauds arrests of suspects in the looting of VBS

18th June 2020

  The Public Investment Corporation (PIC), Africa’s largest asset manager has welcomed the arrest of alleged VBS Mutual Bank looters who are...

Business

Edcon to retrench 22 000 workers

17th June 2020

Embattled retailer Edcon said today it had sent retrenchments notices to 22 000 of its staff, blaming power cuts, lack of binding...