By Antony Sguazzin for Bloomberg World Bank officials have told South Africa’s government it will need to reduce its wage bill to secure a loan and that it doesn’t want the money to be used to bail out insolvent state companies, a person familiar with the situation...
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World Bank issues loan conditions for SA
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Cell C shuts down towers
By Barbara Friedman for EWN Cell C is reportedly shutting down its network. However, tech guru Brendon Peterson says it is a little more complicated than that. Cell C’s statement did not say it was shutting down its network, he notes. That seems to be where the...
African Bank begins retrenching over 1 200 employees
By Londiwe Buthelezi for News24 One of South Africa’s new banking challengers, African Bank has joined a long list of companies who have to let go of their staff because of Covid-19. African Bank announced on Tuesday that it has started retrenchment consultation...
shop-sa holds online AGM
shop-sa held its AGM via Zoom on 28 October 2020, due to the effects of the Covid-19 pandemic. Chairman Hans Servas opened the meeting with a welcome, apologies and confirmation of last year’s minutes. He outlined the achievements of the association during the...
Is a second hard lockdown looming?
Murmurs of a second “hard” lockdown started last week, and grew louder over the weekend after KwaZulu-Natal Premier Sihle Zikalala said at a press conference that “looking at the statistics around us, we can now safely say that we are definitely going back...
Consumers lose again in Eskom-NERSA clash
Source: OUTA Eskom’s urgent application filed recently to recover one of the R23bn bailouts in 2021 is understandable but it is harsh news for struggling consumers and businesses. There is no way to win in this situation. It’s the latest move in the legal battles...
Negligent taxpayers could face jail-time in SA
Source: Supermarket & Retailer With Government’s draft response being released in the Parliamentary Debate on 13 October 2020, non-compliant taxpayers, be it intentionally or negligently, may soon be facing some serious jail-time. The draft response proposes a...
Disposable income has halved in South Africa
Source: Supermarket & Retailer In a presentation ahead of finance minister Tito Mboweni’s Medium-Term Budget Policy Statement (MTBPS) next week, the PBO said that household consumption also dropped markedly by 49.8% in the second quarter of 2020, following a...
These local entrepreneurs made the best of the pandemic
By Mpho Lakaje for EWN On the evening of 23 March, South Africans gathered around their television sets to listen to arguably the most important announcement of this year. At the time, the nation was on edge. The rate of COVID-19 infections was accelerating here at...
Six predictions for back-to-school spending
By Bryan Pearson for The Wise Marketer Back to-school season is upon us, and parents are learning a lot about the science of prediction. The shifting sentiments that come with it should cause retailers to exercise new actions when it comes to building the right...
Game, Makro to run Black Friday promotions all month
By Dineo Faku for IOL Game and Makro outlets are preparing to extend their Black Friday promotions for the entire month of November. Parent company Massmart said earlier today that Game and Makro planned to run Black Friday deals throughout November, as opposed to...
How MTN and Vodacom give your location away
The murder of Lieutenant-Colonel Charl Kinnear has lifted the veil on the unlawful use of location-based data provided to companies by Vodacom and MTN, says MyBroadband. Kinnear’s movements were tracked using this location-based information. His phone was...
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