Online business registrations surge due to lockdown

Johannesburg – There has been a surge of new business registrations in South Africa since the hard lockdown measures were implemented in the county, to stem the spread of the Covid-19 virus. Entrepreneurs changed their strategies and business plans in order to survive. Lauren Deva, Head of Sales for Transactional Product House at FNB Business […]

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Competition Tribunal dismisses SAEF bid to halt Thabong Coal merger with South32

Johannesburg – The Competition Tribunal has dismissed the South African Energy Forum (SAEF)’s application to intervene in a proposed coal mining merger between Thabong Coal and South32 SA Coal Holdings. The Competition Commission recommended that the tribunal give the green light to the proposed transaction. Thabong Coal is a subsidiary of Seriti Resources Holdings, which […]

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South32 is in ‘better shape to deliver value’ says Chief Executive

Johannesburg – Diversified global mining company South32 has lifted the suspension of its share buy-back on a robust outlook for its markets. Chief executive Graham Kerr said yesterday that the group was in better shape to deliver value to its shareholders.   “With another quarter of strong operating performance behind us and the further strengthening of […]

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700 000 more out of jobs in second quarter

Johannesburg – The Covid-19 lockdown restrictions pushed nearly 700 000 more people out of jobs in the second quarter, while slashing salaries for those that are employed. According to data from Statistics South Africa (StatSA) yesterday showed that the restrictions devasted the economy, causing many businesses to permanently close their doors or decrease their workforce. StatsSA […]

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UIF TERS benefits extended for another month

Johannesburg – The Minister of Employment and Labour has announced the extension of the Covid-19 Temporary Employer-Employee Relief Scheme (TERS) benefits until the end of the national state of disaster. This follows the announcement from the Minister of Cooperative Governance and Traditional Affairs that the National State of Disaster was extended to 15 November 2020. […]

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Mboweni seeks to delay tabling MTBPS by a week

Johannesburg – Finance Minister Tito Mboweni has requested an alternate date of Wednesday, 28 October to table the 2020 Medium Term Budget Policy Statement. The tabling of the budget is scheduled for 21 October. In his correspondence to the Speaker, Mboweni highlights the recent complex decisions taken by Cabinet in respect of the 2020/21 adjusted […]

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Vodacom Lesotho wins the first round in its battle with the LCA

Johannesburg – Vodacom’s Lesotho unit has won the first round of a legal fight to hold on to its licence to operate in the country. Vodacom, which has more than 85% of Lesotho’s market share, confirmed that it had secured an interim order interdicting the Lesotho Communication Authority (LCA) from enforcing the payment of the […]

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IBM to split into two as it reinvents itself

International Business Machines (IBM) has announced it will split into two public companies. The move is an attempt to shift its focus to higher-margin businesses like cloud computing and artificial intelligence. A new company focusing on IT infrastructure will be named and spun off next year. The company’s shares closed nearly 6% higher after the […]

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