Solidarity’s row with tourism minister not over

Johannesburg – Tourism minister Mmamoloko Kubayi-Ngubane welcomed the Constitutional Court’s decision on Friday of the joint Solidarity/AfriForum application to appeal and set aside the use of broad-based black economic empowerment (B-BBEE) criteria as part of the department’s R20 million Covid-19 Tourism Relief Fund for small business. “The Constitutional Court has considered the application for leave […]

Continue Reading

Shoprite sees surging demand for DIY hair and beauty products

Johannesburg – Shoprite Holdings said sales of beauty products, such as hair colouring kits and conditioners, have soared at its supermarkets as consumers turn to DO-IT-YOURSELF- treatments while salons remain shut. As South Africa has lifted some restrictions on May 1, but under level 4 restrictions, hair and beauty salons are still closed. Shoprite and […]

Continue Reading

SA Post Office could join SAA in succumbing to effects of Covid-19

Johannesburg -The South African Post Office (SAPO) could join the likes of out African Airways (SAA)  as one of the state-owned entities that succumb to the effects of Covid-19. MPs were sent an update on the financial health of the entity on Tuesday night. The Department of Communications and Digital Technologies briefed parliament about its […]

Continue Reading

Major South African companies say they are facing closure or job cuts due to the coronavirus

Johannesburg – South Africa is facing an employment crisis due to a weak economy and the coronavirus pandemic. Nedbank published research that forecasts that 1.6 million jobs will be shared in the country in 2020. By comparison, approximately 900 000 jobs were lost after the global financial recession. “Our forecasts for GDP recovery in the […]

Continue Reading

SA’s energy declined by an estimated 15% during lockdown says SANEDI

Johannesburg – With more South African going back to work this week, the use of electricity is in the spotlight once again. The national lockdown has eased pressure on the grid in the last few weeks. Energy demand has declined by 30% across the globe due to lockdowns that is according to the South African […]

Continue Reading

Rand continues to seesaw between R18.80 and R19.20 to the dollar

Johannesburg – With many economies still very much on lockdown, it could take months to reach full economic activity, while the risk of a second wave of the virus still remains a real threat. The rand continues to seesaw between R18.80 and R19.20 to the dollar. further short term downside is also on the table […]

Continue Reading

Airline operators kick flights allocations to Emirates

The Airline Operators of Nigeria (AON) have kicked against the recent commencement of an additional flight daily into Nigeria by Emirates Airline. They said this came a few weeks after Nigerian carrier, Air Peace, began flight on the lucrative United Arab Emirates (UAE) route. AON chairperson, Captain Nogie Meggisson said, in a statement issued on […]

Continue Reading