By Samantha Riddle for Briefly The Special Investigating Unit has confirmed that it will be heading an inquiry into allegations of fraud and corruption relating to Covid-19 relief. Briefly.co.za reported that President Cyril Ramaphosa had announced the establishment...
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Inquiry into Covid-19 corruption
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Government to enforce stricter lockdown rules
By Jamie McKane for MyBroadband Gauteng Health MEC Bandile Masuku has blamed the accelerated spread of COVID-19 in the province on the “blatant disregard” of lockdown regulations, among other factors. Speaking in an interview with eNCA on 5 July, Masuku said that the...
Edcon to sell stake in Edgars to rival retailer
By Promit Mukherjee for Reuters Parts of South African retail chain Edcon are likely to be sold to private equity-backed Retailability, administrators in charge of its restructuring said. Best known as owner of the 91-year-old department store chain Edgars and budget...
Dis-Chem fined R1.2m for hiking prices
By Sifiso Zulu for EWN The Competition Tribunal has found Dis-Chem pharmacies guilty of contravening the Competition Act by selling surgical face masks at excessive prices during the Covid-19 pandemic. The retail group has been ordered to pay an administrative...
The pandemic is rewriting the rules of retail
By Denise Lee Yohn for Harvard Business Review Retailers need to stop expecting business to return to “normal.” There’s no going back to how it was anytime soon. Even before the Covid-19 pandemic and economic crisis, brick-and-mortar retailers had been fighting a...
75% of SA’s top websites not POPI-compliant
Source: IOL Research by digitally-led marketing agency, Rogerwilco, indicates that only 25 percent of South Africa’s most popular websites have pop-ups that explicitly ask visitors for consent to collect data about their browsing activity. With the Protection of...
South Africa’s economy probably shrank by a third during lockdown
By Prinesha Naidoo and Monique Vanek for Bloomberg South Africa’s economy probably contracted more than 30% in the second quarter when restrictions to curb the spread of the coronavirus shuttered almost all activity for five weeks, according to central bank forecasts....
Whatsapp Stokvels are back
By Bombi Mavundza for Business Insider SA Despite the name change, the ‘stokvel’ still has the same modus operandi. Members deposit R200 – and hope to make huge profits. The National Stokvel Association of SA (Nasasa) has previously warned South...
Big growth for Takealot and Mr D Food
By Jamie McKane for MyBroadband Naspers has released its financial results for the year ended 31 March 2020, showing impressive revenue growth for Takealot and Mr D Food. “Takealot, South Africa’s number 1 etailer, extended its leadership and grew Gross Merchandise...
Another hard lockdown ‘possible’ as numbers climb
By Riaan Grobler for News24 Health Minister Zweli Mkhize has warned that South Africa is on the verge of facing a spike in coronavirus cases and related deaths which means another hard lockdown “may become necessary”. Speaking to Talk Radio 702 morning...
Tax increases are coming
According to a recent article by Business Tech, Finance Minister Tito Mboweni has said that the National Treasury has no plans to boost certain taxes – even as the coronavirus decimates the nation’s finances. Income tax – with a top tax rate of 45%...
What Covid-19 policies have meant for corporates like Shoprite
Source: Supermarket & Retailer Covid-19 and the pandemic’s subsequent lockdowns forced the Shoprite Group, with more than 147 000 employees, to implement a work from home environment almost overnight, rapidly facilitating thousands of virtual meetings per...
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