Business

[ad_1] The 2020 US elections set for November 3 could have a direct influence on the South African economy, especially when considering the political expectations of the two candidates, says Dr. Greg Cline, head of corporate accounts at Investec for Business. “Global geopolitical events will be definitive in the coming …

[ad_1] Woolworths has announced a commitment to invest 1 billion rand in its prices over the next two to three years in an attempt to make its products “more accessible to more customers.” This will include an investment of R750 million in prices for its food business and R250 million …

[ad_1] A range of Woolworths chicken products. Woolworths will “adjust” the prices of some of its most popular food products, particularly chicken, in the coming months. In total, the company plans to “invest” 1 billion rand to keep prices lower for the next two to three years. Woolworths wants its …

[ad_1] The SABC has said the parliamentary portfolio committee on communications that it simply cannot afford to pay Sentech’s “prohibitive” fees for the distribution of broadcast signals and that these fees should be cut by half, or R500 million, with immediate effect. He has also said that he would rather …

[ad_1] Zaf Mahomed, Chief Financial Officer of Cell C Cell C mobile operator has reported an interim net loss after tax for the six months to June 2020 of R7.6 billion, but said that this was mainly the result of one-time costs and adjustments and that normalized earnings actually grew …

[ad_1] Cell C has published its interim results for the six months ended June 2020, reflecting a net loss of R7.5 billion after tax. The company said that this loss was mainly due to one-time costs and adjustments, and also reflects impairment of R5 billion. Cell C’s network and R5 …

[ad_1] South African Retailer The giant Pick n Pay said Tuesday that it is acquiring the online grocery service Bottles. The two companies formed a closer partnership following the government’s decision earlier this year to ban the sale of alcohol during level 5 of the Covid-19 lockdown. This forced Bottles, …

[ad_1] Retailer Pick n Pay has concluded an agreement to purchase Grocery Service Bottles online on demand. Bottles launched in 2016 as an on-demand alcohol delivery app and partnered with Pick n Pay in 2018. Pick n Pay Online covers the main centers in South Africa with 800,000 registered users. …

[ad_1] Pick n Pay has agreed to purchase bottles of on-demand alcohol and grocery delivery service. Bottles launched in 2016 as South Africa’s first on-demand alcohol delivery app and partnered with Pick n Pay in 2018. Bottles repurposed their app when the blockade began delivering on-demand food to customers through …

[ad_1] A couple has been arrested for alleged tax fraud. An Eastern Cape couple were released following a warning from the East London Magistrates Court on Monday after appearing on tax fraud charges worth R2.6 million. The Serious Business Crimes Unit arrested them earlier. READ | Tax punishment: brothers receive …