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Tag: Closing

These 104 Standard Bank branches are closing

Standard Bank will close more than 100 branches and retrench hundreds of staff members as part of its efforts to digitise its retail and business bank. In March, the bank announced that it plans...

Stuttafords – “South Africa’s Harrods” closes its doors after 159 years

Department store Stuttafords, the 159-year-old “Harrods of South Africa”, is closing down, victim of a global shift to online retail and a domestic economic slump that has put brands such as...

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Western Cape remains an attractive destination for foreign direct investment

Global foreign direct investment (FDI) flows recovered to US$1.58 trillion in 2021, up from US$963 billion recorded in 2020 and higher than pre-pandemic...

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