Business

[ad_1] The Sunday Times reported that Business Unity SA (Busa) warned that SA was “on its way to becoming another failed African state” if it did not address the wage bill. The report shows that between fiscal 2006 and 2018, the wage bill skyrocketed from R154 billion to R518 billion, …

[ad_1] Johannesburg Mayor Geoff Makhubo is in legal and reputational trouble over the payments his company received from Regiments Capital. Molelwane Consulting reportedly received R35.7 million from the Regiments, of which at least R7.1 million was paid to Makhubo’s personal bank account. Makhubo struggled to explain why he received the …

[ad_1] Salesforce.com has accepted to buy Slack Technologies for $ 27.7 billion in cash and stock, giving the corporate software giant a popular workplace communications platform in one of the biggest technology deals of the year. The transaction, the largest acquisition ever made by Salesforce, is expected to close in …

[ad_1] South Africa’s Sasol said Wednesday that its Louisiana integrated polyethylene joint venture (JV) with chemical company LyondellBasell Industries had been established following the closing of the deal on Dec. 1. LyondellBasell agreed in October to acquire a 50% stake in Sasol’s basic chemicals business in Lake Charles for $ …

[ad_1] Canal Walk in Cape Town. Photo: Andrew Thompson Visits to shopping centers on Black Friday were 13% lower than last year, new data from Tracker and Lightstone confirmed. South Africa’s large shopping malls registered a 20% drop. Gateway Mall in Umhlanga recorded the highest volume of visits on Black …

[ad_1] Musina Mayor Mihloti Muhlope at the border post with Zimbabwe’s Minister of the Interior and Cultural Heritage, Kazembe Kazembe, the Minister of the Interior, Aaron Motsoaledi, and the Interior Media Liaison Officer, Siya Qoza. (Photo: Bernard Chiguvare) Zimbabweans returning home for the holidays need a negative Covid-19 certificate to …

[ad_1] A healthcare worker injects a patient with a syringe from phase 3 of the Pfizer and BioNTech vaccine trial in Turkey in October 2020. Dogukan Keskinkilic / Anadolu Agency via Getty Images The UK on Wednesday approved the Covid-19 vaccine developed by Pfizer and BioNTech, making it the first …

[ad_1] The Restaurant Association of South Africa (RASA) says it will challenge any stricter curfew implemented by the National Coronavirus Command Council (NCCC) and the national government. Wendy Alberts, Executive Director of RASA, said Jacaranda radio station that the country’s restaurants would be badly affected by a shutdown as the …

[ad_1] Patricia de Lille, Minister of Public Works and Infrastructure. Simple assembly, Gallo Images The Department of Public Works and Infrastructure has said it has drawn up a plan to rectify defects in the Beitbridge border fence project. DPWI awaits an evaluation of the remediation work that needs to be …

[ad_1] A healthcare worker injects a patient with the Pfizer and BioNTech coronavirus vaccine during the phase 3 trial in Turkey in October. Getty image via Dogukan Keskinkilic / Anadolu Agency US pharmaceutical giant Pfizer and German biotechnology company BioNTech have developed the world’s first effective coronavirus vaccine in record …