Kabelo Khumalo

Business

Economy may shrink by up to 4% due to Covid-19 – SA Reserve Bank

6th April 2020

The South African Reserve Bank (SARB) has all but confirmed that the COVID-19 outbreak will see Sout Africa enter into a deep...

Business

ArcelorMittal cuts employees salaries by as much as 45%

6th April 2020

Sunday World can today reveal that ArcelorMittal has cut employees staff by as much as 45% as the steel manufacturer attempts to...

News

Woolworths CEO and management take a 30% salary cut as Covid-19 eats into profits

6th April 2020

The top brass at retail giant Woolworths (WHL) have decided to take a 30% pay cut for the next three months as...

Breaking News

Rand breaches R19/$ as Fitch sinks SA deeper into junk status

3rd April 2020

The rand on Friday breached the R19 mark against the dollar after Fitch Ratings downgraded South Africa’s credit rating deeper into junk...

Covid-19

Bheki Cele and WC govt at loggerheads over sale of cigarettes during lockdown

3rd April 2020

Minister of Police Bheki Cele has taken a veiled swipe at the Western Cape for relaxing cigarettes rules during the nationwide lockdown,...

Breaking News

Police, soldiers arrest 2 300 in crackdown

3rd April 2020

The South African security forces have arrested nearly 2 300 people for allegedly failing to comply with the directives laid out by...

Business

Telkom and Samsung give 1500 cell phones to COVID-19 field workers

2nd April 2020

Telecommunications group Telkom and Samsung on Thursday announced a partnership that will see a distribution of 1500 cell phones to health workers...

Breaking News

SA’s economy to plunge by 4% due to Covid-19

2nd April 2020

Multinational investment bank, BNB Paribas said in a research note on Thursday that it expects South Africa’s economy to plunge by 4%...

Breaking News

Mary Oppenheimer bucks the trend, donates R1 billion directly to the Solidarity Fund

1st April 2020

Mary Oppenheimer, sister to South Africa’s richest man Nicky Oppenheimer on Wednesday became the first billionaire to directly donate money to the...

Business

Revealed: Terms and conditions of Oppenheimer’s loans to SMMEs employees

1st April 2020

The Oppenheimer family has launched the South African Future Trust (SAFT) and tasked Nedbank, FNB, Standard Bank and Absa to facilitate the...