Economy may shrink by up to 4% due to Covid-19 – SA Reserve Bank
The South African Reserve Bank (SARB) has all but confirmed that the COVID-19 outbreak will see Sout Africa enter into a deep recession this year. The central bank... Read more.
ArcelorMittal cuts employees salaries by as much as 45%
Sunday World can today reveal that ArcelorMittal has cut employees staff by as much as 45% as the steel manufacturer attempts to stay afloat during the 21-day nationwide... Read more.
Woolworths CEO and management take a 30% salary cut as Covid-19 eats into profits
The top brass at retail giant Woolworths (WHL) have decided to take a 30% pay cut for the next three months as the nationwide lockdown bites into the company’s... Read more.
Rand breaches R19/$ as Fitch sinks SA deeper into junk status
The rand on Friday breached the R19 mark against the dollar after Fitch Ratings downgraded South Africa’s credit rating deeper into junk status with a negative... Read more.
Bheki Cele and WC govt at loggerheads over sale of cigarettes during lockdown
Minister of Police Bheki Cele has taken a veiled swipe at the Western Cape for relaxing cigarettes rules during the nationwide lockdown, stating that o KY the central... Read more.
Police, soldiers arrest 2 300 in crackdown
The South African security forces have arrested nearly 2 300 people for allegedly failing to comply with the directives laid out by government during the unprecedented... Read more.
Telkom and Samsung give 1500 cell phones to COVID-19 field workers
Telecommunications group Telkom and Samsung on Thursday announced a partnership that will see a distribution of 1500 cell phones to health workers tracking people... Read more.
SA’s economy to plunge by 4% due to Covid-19
Multinational investment bank, BNB Paribas said in a research note on Thursday that it expects South Africa’s economy to plunge by 4% this year on the back... Read more.
Mary Oppenheimer bucks the trend, donates R1 billion directly to the Solidarity Fund
Mary Oppenheimer, sister to South Africa’s richest man Nicky Oppenheimer on Wednesday became the first billionaire to directly donate money to the Solidarity Fund... Read more.
Revealed: Terms and conditions of Oppenheimer’s loans to SMMEs employees
The Oppenheimer family has launched the South African Future Trust (SAFT) and tasked Nedbank, FNB, Standard Bank and Absa to facilitate the distribution of loans... Read more.
