Business

[ad_1] ANALYSIS Pictures of Dino Lloyd, Rooster The latest GDP data was worse than expected. SA’s economy contracted by a wide margin. But due to the way it is calculated, the 51% title number may be a bit of a stretch. For more articles, visit www.BusinessInsider.co.za. The latest economic data …

[ad_1] Shoprite announced on Tuesday that sales for the year ending June 28 increased by 6.4% to a record R156.9 billion “despite significant blocking restrictions from Covid-19.” The group’s board declared a final dividend of 227 cents per common share, bringing its total dividend for the year to 383 cents …

[ad_1] Andrew Davies, CEO of Signapps. Photo supplied. A South African app won a major UK tender to service the British NHS. Called Signapps, it aims to streamline communication in hospitals, and its implementation has been accelerated by the spread of Covid-19. Despite large amounts of local funding and trials, …

[ad_1] South Africa’s gross domestic product (GDP) fell by a whopping 51% in the second quarter of the year, reflecting the immense damage caused to the economy by the Covid-19 lockdown. This pushes South Africa into an even deeper recession, after GDP growth for 1Q20 reached -2%, after declines of …

[ad_1] JOHANNESBURG – The president of the Federal Council of the Public Prosecutor, Helen Zille, says that anyone who sees former leader Mmusi Maimane as a victim of racism “is himself a racist.” Zille has reiterated that a purge of black leaders and progressive members is not the reality in …

[ad_1] The clicks will remove and remove all TRESemmé products from the shelf with immediate effect and replace the gap with locally sourced hair care brands. Sharon Seretlo, Gallo Images Clicks has removed the TRESemmé brand from its shelves and is committed to expanding its range of local hair products. …

[ad_1] The Nelson Mandela Foundation criticized the statements of the President of the United States, Donald Trump, which denigrated the former South African leader. The Washington Post reported Sunday that Michael Cohen, Trump’s former attorney and personal fixer, alleged in a new book that the US president did not believe …

[ad_1] EFF members returned to the Clicks store in Menlyn Mall, Pretoria, to protest Tuesday. The action comes after an ad that was offensive to black women’s hair, went viral and sparked widespread outrage. Clicks was granted an injunction against the EFF protest action. As the EFF promised to keep …

[ad_1] Former Eskom board chairman Zola Tsotsi is back on the state capture commission, where former chief executive Tshediso Matona said Monday that Tsotsi was the one who informed him that he had been suspended. A screenshot shows former Eskom president Zola Tsotsi in the state capture investigation on September …

[ad_1] South Africa’s Gross Domestic Product (GDP) for the second quarter of 2020 declined by a mammoth 51%, primarily as a result of the Covid-19 lockdown that took effect during that period, a report from Stats SA shows. Source: Stats SA Quarterly seasonally adjusted annualized GDP adjusted for inflation and …