Private sector players have rallied behind the accelerated economic recovery strategy proposed by South Africa’s biggest business grouping with the aim of achieving higher levels of growth to recover from the Covid-19 crisis.
The rand juggled cautious sentiment as coronavirus infections are surging across the globe and frustration hit as South African power utility Eskom switched off the lights against a soft US PPI release according to NKC Research.
Santam has requested an urgent meeting with the Financial Sector Conduct Authority (FSCA) after the authority rowed back on its business interruption (BI) claims position by recognising Covid-19 to be the primary cause of commercial losses.
Bidvest Car Rental, one of the biggest car rental companies in South Africa, has warned staff that all the positions in the company, which has more than 100 branches across the country, might become redundant, as it plans to close or sell the business.
The dredit Ombud said on Friday that it had saved consumers R6.95 million last year, 17 percent less than the R8.36m a year earlier, following what might have been the toughest year in its history.
Alexander Forbes has been forced to freeze the fees of all its nonexecutive directors as part of the group’s cost-containment initiatives in response to the impact of the coronavirus (Covid-19) pandemic on its operations
Private education group Stadio Holdings has said its growth projections remained on track despite facing mounting challenges as a result of the Covid-19 outbreak