Global hotel chain will no longer operate Hilton Cape Town City Centre property from this weekend, as industry continues to struggle.
(Partner Content) Global equity markets continued their resurgence in June as investors shrugged off concerns over a potential second wave of coronavirus infections and forecasts of a contraction in global growth.
Metros all across the country increased tariffs on electricity, water, refuse and rates, asking consumers to pay more for services.
Tourism: United Nations body says SA will be among the 15 hardest-hit countries in the world. Best case is a 3% reduction in GDP, report claims.
If you’re wondering how much the COVID-19 pandemic is costing South Africa, the Defence Ministry has published its latest financial figures here.
From losing all his start-up capital to a scam to the COVID-19 pandemic, one KwaZulu-Natal entrepreneur has plenty experience weathering life’s ups and downs. He shares his story, and insights.
The Treasury is dead set on getting a State Bank up and running in South Africa, and the first phase of planning has been completed.
The group said that it needs to guide the Game section of its portfolio back to profitability, and job cuts are their best means of doing so.
In the second quarter of 2020, households are struggling to spend, according to the latest report from the Consumer Confidence Index
The iconic department store has reopened after being closed for three months. Now it’s laying off staff.
Air France-KLM said on Friday it will cut 7 500 jobs from the French operation as it plans for slower business until 2024.
The impact of the pandemic is hitting the bank, particularly when it comes to loan repayments. But management predicts better days ahead.
(Partner Content) As the old saying goes, those who don’t learn from history are doomed to repeat it. Would you really want to repeat the mistake of missing out on the best days – or weeks – in the market? Professional investors like Prudential have learned the lesson well, and are able to make the right decisions when conditions get tough. That’s how they make market-beating returns for their clients.
Who would have thought that by the end of June we would be looking back on the best three months for global stock markets since the final quarter of 1998?
It’s one for the masochists: South Africa has released its GDP stats for Q1 of 2020, and many major industries are counting the cost of COVID-19.
(Partner Content) Absa’s learnings from the 2008 economic crisis has enabled the financial institution to proactively deliver support and relief to business customers during the COVID-19 pandemic.
Cash-strapped Cathedral Peak Hotel launches social media campaign in hope that insurer will pay out on ‘business interruption’ cover.
The ANC are, allegedly, planning a permanent R500 social grant payment to help millions of citizens. But it may come at great expense to the taxpayer.
Business and consumer activity will only ramp up very slowly over the next year, says accounting body. Tax revenues may therefore fall short.
(Partner Content) What can professional investment managers do for you that you may not be able to do for yourself? Here are five ways we at Prudential Investment Managers are helping our clients by navigating the tricky market conditions brought on by the coronavirus pandemic and lockdown.
The EFF said Mboweni’s supplementary budget was nothing more than ‘continuations and concretisation of a discredited austerity budget’.
Hundreds of billions of rand will be spent to combat the impact of COVID-19. Here are the highlights from Tito Mboweni’s Budget speech.
Mboweni said that SA is set to miss out on R300 billion in tax revenue, and this is likely to cripple the country’s ability to repay debt.
(Partner Content) Despite restaurants been given the green light to reopen for sit-in service, the shift to food delivery remains an important option.
The worst is yet to come, despite these latest figures from StatsSA already painting a pretty bleak picture for a country battered by lockdown.