Business

[ad_1] More than 220,000 South African workers may be online to receive nearly R1 billion in combined payments, says the Unemployment Insurance Fund (UIF), but it lacks the information to give them their cash. That’s not counting employees whose bosses haven’t yet applied for special Covid-19 funding. The FIU has …

[ad_1] Banks will begin launching state-backed Covid-19 commercial loans in the coming weeks, with an offer of up to R200 billion. The Treasury has provided an overview of how the scheme will work. Businesses earning up to R300 million can get cash, with a six-month vacation payment and another five …

[ad_1] StatsSA has released new data highlighting the changes in the prices of essential goods that appear in the basket of the Consumer Price Index (CPI). The organization said it is temporarily publishing inflation data weekly, albeit for a smaller range of goods. Their data shows that the prices of …

[ad_1] Takealot CEO Kim Reid The continuing ban about unrestricted electronic commerce, and a possible extension of this ban beyond next Friday, is “incomprehensible” and runs counter to the government’s commitment to the so-called fourth industrial revolution. According to Kim Reid, CEO of South Africa’s largest online retailer Takealot.com, who …

[ad_1] Traders have abandoned the Zimbabwe stock market as a blockade imposed to curb the spread of the coronavirus adds to tensions in an economy that was already dealing with severe drought, hyperinflation and a shortage of foreign exchange. The volume of shares that changed hands on the stock market …

[ad_1] The Land Bank has failed to avoid financial ruin after the debt default due Thursday. Default has now caused cross-default of certain other bonds, a clause that puts the borrower in default if he fails to meet his other debt obligations. “On April 23, 2020, the Land Bank issued …

[ad_1] By Brenton Naicker 17h ago Share this article: SharecheepShareShareShareEmailShare Bitcoin halving. It is everything anyone in the crypto world has been able to talk about in the past few months. It is undoubtedly the most anticipated crypto event of 2020, and many believe it will be the catalyst to …

[ad_1] Two more exchange offices have had their licenses suspended by the Reserve Bank of Zimbabwe (RBZ) on suspicion of not declaring foreign currency transactions and they and three other companies now under investigation for illegal transactions in foreign currency have had your bank Frozen accounts. The five join two …

[ad_1] Boeing plans to cut the workforce at its civil aviation unit by 10% to cut costs as the coronavirus causes an airline crisis, two sources familiar with the matter told AFP. The layoffs would affect the unit that makes the troublesome 737 MAX, which has been grounded for more …

[ad_1] A soft warning announcement released after its annual results on Thursday, but indicates that the PSG Group is finally addressing a problem that has plagued the investment holding company for the past two years. Its shares are priced at an ever-increasing discount to the underlying parties. In recent months, …