Business

[ad_1] The country’s economic recovery action plan focuses on a massive public employment scheme, a broadband spectrum auction for March 2021, and major competition for Eskom. The government, companies and workers have not drawn up a single social contract, instead sticking to their own plans and instead agreed on priorities …

[ad_1] All approvals from regulatory authorities and all conditions have been met or waived. The sale of portions of the Edgar’s business in South Africa to Retailability has been implemented, according to Edcon’s business rescue professionals. In the process, approximately 5,200 jobs will be saved. The sale includes the transfer …

[ad_1] President Cyril Ramaphosa announced that the country will move to Level 1 at midnight on Sunday. This will open the country’s borders for both business and leisure travel. However, the president warned of a possible second wave, warning citizens to continue to observe Covid-19 protocols. President Cyril Ramaphosa has …

[ad_1] President Cyril Ramaphosa has announced that a series of South African lockdown regulations will be relaxed as the country moves to a level 1 lockdown starting at midnight on Sunday (September 20). In a national address on Wednesday night (September 16), the president said that the country has ‘weathered …

[ad_1] September 15, 2020 Share this article: SharecheepShareShareShareE-mailShare By Joon Chong and Shane Johnson JOHANNESBURG – The Minister of Employment and Labor announced the extension of the benefits of the Temporary Assistance Plan for Employers and Employees (TERS) of Covid-19 until the end of the national state of disaster. This …

[ad_1] As of Tuesday, South Africa has registered a cumulative number of 651,521 Covid-19 cases, with only 772 new cases identified. The total number of tests performed to date is 3,940,217, with 11,603 new tests performed since the last report. The country has also recorded 142 more deaths from Covid-19: …

[ad_1] By Sifiso Mahlangu 4h ago Share this article: SharecheepShareShareShareE-mailShare Johannesburg – There is a tug of war at the ANC over the release of the Covid-19 corruption investigation from the provincial integrity commission (PIC). In what was to be a fact-finding mission into alleged corruption in the Gauteng Health …

[ad_1] Shares in South Africa’s Discovery fell more than 3% on Wednesday after the insurer said it had spent R2.2 billion on new initiatives despite a 94% drop in earnings for the full year. The company, whose model links premium rates to customers’ lifestyle choices, had already warned that its …

[ad_1] Socialite and model Babalwa Mneno has again criticized suggestions that she is involved in a human trafficking scheme, calling the claims “obviously false”. The star has previously denied claims that he was “selling girls” to foreign businessmen, but the allegations resurfaced this week with conversation about human trafficking on …

[ad_1] A senior official in the South African ruling party said plans to nationalize the central bank will be shelved as the government struggles to get the coronavirus-hit economy back on track. The country does not have the “massive resources” that may be necessary to buy out the bank’s private …