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Mon, Jun 27, 2022

economy, business and finance

Struggling SAA subsidiaries get R2.7bn funding lifeline

Treasury has tabled a Special Appropriation Bill to Parliament showing that it will make R2.7 billion available to SAA’s subsidiariesSTRUGGLING South African Airways’ (SAA)...

Poultry sector announces second avian flu outbreak

The SA Poultry Association has announced a second outbreak of HPAI that has occurred on a broiler breeder farm on the East Rand.THE...

Kanye West sneakers shatter sale records at R25m

The record price for sneakers has been broken several times recently as what was seen as a niche market 10 years ago now attracts...

Fragile economy can’t afford more strikes, warn analysts

Analysts have warned that strikes could override the gains made since the easing of lockdown restrictions and the vaccination roll-outTHE LOOMING strike season over...

Cash-strapped Africa overwhelmed by Covid vaccine challenge

Many African countries, already facing a shortage of affordable vaccines, are being stunned by the unprecedented scale of the distribution challenge when doses do...

Absa confirms Daniel Mminele is leaving the group over ‘divergent professional...

Absa cited the reason for group chief executive Daniel Mminele’s departure as: “The parties have not managed to achieve alignment in relation to the...

Absa breaks silence on Daniel Mminele’s stepping down

Absa is working on a separation agreement with group chief executive Daniel Mminele, the bank announced through a JSE Sens statement.ABSA bank has announced,...

Eskom forced to sell non-core assets at a loss

Eskom needs every cent it can recoup to plug its debt, which stood at R464 billion by the end of March.ESKOM is set to...

Most South Africans want to keep working from home, study finds

According to a study, over 53% of South Africans said they preferred a job that allows them to work from home at least occasionally.ONE OF the...

Business organisation expresses alarm over Eskom’s power cuts

The South African United Business Confederation (SAUBC) has voiced its panic over Eskom's continued power blackouts.THE SOUTH African United Business Confederation (SAUBC) has voiced...

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