Business

[ad_1] African Bank has announced plans to lay off hundreds of its employees. The bank’s chief executive, Basani Maluleke, said Tuesday afternoon in a press release that the planned job cuts were due to a reduction in sales due to the Covid-19 shutdown. However, the bank workers threatened to go …

[ad_1] African Bank says it has been forced to restructure its business following the outbreak of Covid-19, the current state of South Africa’s economy, and its move towards a digital platform, likely to lead to job losses. 1,269 employees out of the current 3,728 total are anticipated to be affected, …

[ad_1] Loyiso Masuku. Sharon Seretlo, Gallo Images MMC Loyiso Masuku returned to his duties in the city of Johannesburg. Masuku took a leave of absence after the Gauteng PPE saga. Since then, her husband, Bandile Masuku, has been relieved of his duties as Gauteng Health MEC. MMC for Group Corporate …

[ad_1] African Bank says the Section 189A inquiries will affect 1,269 of its 3,728 employees. Photo: provided by African Bank African Bank, one of South Africa’s new banking competitors, has joined a long list of companies that have to lay off their staff due to Covid-19. African Bank announced on …

[ad_1] (Getty) Facing strong local and global headwinds, the rand strengthened to its strongest level since September 18 on Tuesday. Less than a month ago, it was more than a rand weaker against the dollar. But its winning streak could come to an end if Wednesday’s medium-term budget paints a …

[ad_1] The indictment in the case against Eskom’s former bosses and service providers, who appeared in Palm Ridge Commercial Crimes Court on Tuesday, details how a company and its leaders allegedly bribed to settle a R1.2 billion settlement. , paying bribes at every step. of the way. Former Eskom bosses, …

[ad_1] The government has rejected ‘rumors’ about the introduction of a second hard blockade for the country, amid an apparent increase in coronavirus cases. KwaZulu-Natal premiere on Sunday Sihle Zikalala He said a return to a strict lockdown is at stake, unless the country sees a decline in the number …

[ad_1] Dr. Mustafa Gerek is vaccinated as a volunteer in trials of a COVID-19 vaccine from China at Ankara City Hospital in Ankara, Turkey on October 13, 2020. Aytac Unal / Anadolu Agency via Getty Images AstraZeneca’s Covid-19 vaccine triggers an immune response in older people and young adults, the …

[ad_1] Run CEO Maphum Nxumalo Gijima, IT services A group founded by businessman Robert Gumede, agreed to acquire the South African subsidiary of T-Systems, the IT services arm of German telecommunications giant Deutsche Telekom. The transaction, the value of which has not been disclosed, has yet to be approved by …

[ad_1] Finance Minister Tito Mboweni is expected to announce some funding to get SAA off the ground again. Silas Stein / Picture Alliance via Getty Images South African Airways Chairman of the Board of Directors Thandeka Mgoduso has resigned after having been in office for about a year. She was …