Discovery makes Covid vaccine jab compulsory for staff

Johannesburg – Following growing calls for employers to take steps to make workspaces safer in the time of the Covid-19 pandemic, Discovery is one of the first companies to make vaccinations mandatory for staff. Discovery employees will have to be vaccinated from next year. it is the latest major international company to restrict the movement […]

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Takatso Consortium to conclude 51% share purchase of SAA with DPE

Johannesburg – The Takatso Consortium said it would now move ahead with concluding a share purchase agreement for 51% of the South African Airways (SAA) with the Department of Public Enterprises (DPE). The consortium comprises Harith General Partners, a leading Pan African investor in African infrastructure and global aviation. It said its due diligence of […]

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South Korea becomes first major Asian economy to raise interest rates in pandemic era

South Korea has become the first major Asian economy to raise interest rates since the coronavirus pandemic began. The Bank of Korea increased its base rate of interests from a record low of 0.5% to 0.75%. Central banks around the world are trying to balance the impact of ongoing Covid-19 infections against economic risks such […]

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Union lawyers tear into government’s argument that 2018 wage agreement is ‘invalid’

The Department of Public Service and Administration (DPSA) cannot argue that the public service wage agreement it entered into with labour in 2018 was unlawful – considering it met the agreement for two of its three years – the Constitutional Court heard on Tuesday. Moreover, argued at least one attorney, unions fear that public servants […]

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Looted businesses can apply for grants up to R30million to rebuild

Johannesburg – Businesses adversely affected by the recent looting and unrest can apply for a grant of up to R30-million to finance the reconstruction of their infrastructure. The Department of Trade, Industry and Competition (DTIC) has announced the Critical Infrastructure Reconstruction Programme (CIRP) as part of the R3.75-billion relief package for the restoration of businesses. […]

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Shoprite launches new digital unit, Shoprite X

Retailer Shoprite has launched new digital business unit, Shoprite X, which combines data science, technology and innovation with its operational strength to provide increasingly enhanced customer experiences. Businesses are ramping up their digital offerings amid the Covid-19 pandemic as more people’s shop online. Incubated over the past year, Shoprite X combines data science and technology […]

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Old Mutual makes additional R2-billion provision for Covid-19 mortality claims

Johannesburg – Old Mutual said its sales and earnings recovered in the six months to June 30, notwithstanding a R2-billion additional provision for Covid-19 related mortality claims. The life assurance and financial services group said in a trading statement yesterday that mortality claims paid relating to Covid-19 in the group’s life businesses for the six […]

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