African Business News

African Business News

  • Comair closer to take-off as creditors adopt business rescue plan 18 Sep 2020 15:42 News (South Africa) By Sizwe Dlamini 48m ago Share this article: ShareTweetShareShareShareEmailShare JOHANNESBURG – Comair on Friday passed another significant waypoint en route to returning to the skies when the vast majority of creditors and shareholders voted to adopt the …
  • Goodyear South Africa attains Level 6 BBBEE Contributor Status 18 Sep 2020 15:09 Engineering News Tyre and rubber manufacturer Goodyear South Africa has attained Broad-Based Black Economic Empowerment (BBBEE) Level 6 Contributor Status under the Amended Codes of Good Practice. This is an improvement on the Level 8 status it achieved in 2015. The …
  • JUST IN: SA border opening to boost business 18 Sep 2020 13:38 The Herald (Zimbabwe) The Herald Thupeyo Muleya Beitbridge Bureau The impending resumption of cross-border passenger traffic by Zimbabwe and South Africa through Beitbridge may allow traders to resume their business in person, rather than using intermediaries to buy and ship …
  • Zimbali hotel in business rescue as Kuwaiti owners were ‘left with no alternative’ 18 Sep 2020 12:53 Nehanda Radio SOUTH AFRICA – The Kuwaiti owner of the Fairmont Zimbali Resort on the large Zimbali estate near Ballito has placed the high-end hotel in business rescue. Fairmont Zimbali Resort on the large Zimbali estate near Ballito “The extraordinary circumstances of …
  • Minerals Council welcomes call to rebuild the South African economy 18 Sep 2020 11:52 Engineering News Industry body the Minerals Council South Africa has welcomed President Cyril Ramaphosa’s address this week announcing the further lifting of restrictions with the shift in the country’s Covid-19 status to Level 1 from September 20. The Minerals Council …
  • Fifteen additional speakers for SingularityU SA Online Summit 2020 18 Sep 2020 11:31 Mail & Guardian SingularityU South Africa has announced an additional 15 speakers who will address Africa at the SingularityU South Africa Summit Online on October 14 and 15 2020. They add to the over 60 speakers announced so far from across the globe, and renowned South …
  • IFA FAIR-ZIM HOTEL & RESORT PROPRIETARY LIMITED ENTERS BUSINESS RESCUE 18 Sep 2020 08:28 Ballito News IN RESPONSE TO UNPRECEDENTED CIRCUMSTANCES RESULTING FROM COVID-19 AND THE PROLONGED SA GOVERNMENT-IMPOSED NATIONAL STATE OF DISASTER Thursday, 17 September 2020 09h30: As the Covid-19 crisis continues to disrupt local and global travel and tourism markets …
  • Protect your business with CURA’s Enterprise Risk Management software 18 Sep 2020 06:38 News (South Africa) Businesses always have to be ready to mitigate the risks of unexpected behaviour from external parties. Most companies depend on a multitude of other entities for their business to function – including vendors, manufacturers, suppliers, agents, …
  • How South African companies are battling the pandemic and recession 18 Sep 2020 06:38 News (South Africa) South African businesses have had to respond to the coronavirus and lockdown restrictions since March. At the same time, the country’s economy is in its longest recession in 28 years, with millions reported to have lost their jobs due to the pandemic. Here …
  • The Cultural Coach: Why diversity is everybody’s business 18 Sep 2020 06:25 Philadelphia Sunday Sun By Linda S. Wallace  Dear Cultural Coach: Why aren’t you more concerned about giving our youths the correct tools to succeed in a global market? Encouraging students  to constantly speak “hip-hop” vocabulary will only hold them back. It’s not like past …
  • Transcorp Hotels Hard Hit by COVID-19: To restructure business strategy 18 Sep 2020 06:23 Prompt News Online The novel COVID-19 pandemic has caused the African Hotel and Tourism industry to lose over $50bn in revenue. Amidst this, Transcorp Hotels Plc has suffered unprecedented losses and is looking to restructure the business strategy of its hotels and optimize …
  • Pompeo pitches US business over China in Suriname, Guyana 18 Sep 2020 03:05 Digital Journal US Secretary of State Mike Pompeo on Thursday made a direct pitch for fast-growing Suriname and Guyana's new leaders to pick US firms, warning of the risks of China amid an oil boom. Pompeo became the first US secretary of state to visit the two small …
  • BUSINESS MAVERICK: SARB holds rates steady, predicts bigger 2020 GDP contraction 17 Sep 2020 23:06 Daily Maverick Lesetja Kganyago, governor of the South African Reserve Bank. (Photo: Waldo Swiegers / Bloomberg via Getty Images) There were no fireworks in the Monetary Policy Committee (MPC) statement read on Thursday by Governor Lesetja Kganyago. The South African …
  • BUSINESS MAVERICK WEBINAR: Money matters for retirees, with Bruce Cameron and Wouter Fourie 17 Sep 2020 23:04 Daily Maverick Pensioners around the world have been affected in one way or another by the consequences of Covid-19, but in South Africa, the situation for retirees is far worse, for several reasons. For one, nine years of ANC misrule under former president Jacob Zuma, …
  • BUSINESS MAVERICK: SA venture capital is growing in stature and size 17 Sep 2020 23:04 Daily Maverick South African currency (Photo: Adobestock) The Southern African Venture Capital and Private Equity Association (Savca) 2020 Venture Capital Industry Survey, which was released on Thursday 17 September, showed the highest activity recorded to date in the …
  • Zim journalist Godfrey Mutizwa named chief editor of CNBC Africa 17 Sep 2020 21:08 Nehanda Radio By Nyashadzashe Ndoro African pay television network CNBC Africa has appointed veteran journalist Godfrey Mutizwa, to take over from Chris Bishop as its Chief Editor. Godfrey Mutizwa According to CNBC Africa, Bishop who after more than a decade with the …
  • Bobby Lashley on The Hurt Business’ Paying Tribute to Chadwick Boseman at Payback 17 Sep 2020 19:54 411mania – SI.com reports that Bobby Lashley commented on The Hurt Business’ recent tribute to late MCU and Black Panther star Chadwick Boseman at Payback. The group delivered Black Panther’s trademark “Wakanda Forever” salute in honor of Boseman, who tragically …
  • Numsa union accuses Comair business rescuers of bullying employees 17 Sep 2020 14:56 Engineering News The National Union of Metalworkers of South Africa (Numsa) on Thursday accused the business rescue practitioners at Comair of attempting to blackmail employees into signing away their rights ahead of a crucial creditors meeting tomorrow. In a statement, …
  • Blue Label to sell its Mexico business 17 Sep 2020 14:46 My Broadband Blue Label Telecoms is set to dispose its 47.56% interest in Blue Label Mexico to its co-shareholder, Grupo Bimbo, for $11.5 million. “This is in line with Blue Label’s strategy to refocus its efforts on its South African distribution businesses and to …
  • Outlook for informal economy in Zimbabwe is dire after harsh Covid-19 response 17 Sep 2020 12:18 BusinessLIVE While the government unveiled a $720m (Z$18bn) stimulus recovery package in May, many of Zimbabwe’s informal workers remain unprotected, with the number of extremely poor expected to rise by one-million in 2020, according to the World Bank. As inflation …

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