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Tag: loss

African smartphone market suffers 17.8% decline due to Covid-19

INSIGHTS from International Data Corporation (IDC) reveal that the COVID-19 pandemic has led to one of the largest quarterly dips in Africa’s smartphone market since 2015. The global technology research and...

Edgars owner expecting offers in July for retailer’s asset sale

Edcon Holdings’s administrators extended a deadline for offers for the three main divisions of South Africa’s second-largest clothes retailer, whose sales suffered from pandemic restrictions. Binding offers are now expected in early...

18,000 jobs lost in wine industry

Union says it's inundated as "unscrupulous farmers" terminate workers' contracts. Although liquor sales are allowed from 1 June, the two-month ban on the sale of alcohol, combined with a ban on exports,...

Compressor air leaks = lost money

CONTRARY to what some companies or employees think, compressed air is not free. Compressed air leaks are a direct source of wasted energy and increase the running time of the air...

Coronavirus outbreak could destroy up to 25 million jobs

The coronavirus pandemic could trigger a global economic crisis destroying up to 25 million jobs around the world if governments do not act fast to shield workers from the impact, the...

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Liquor industry urges government to prepare to lift alcohol ban

The liquor industry is once again calling on government to lift the ban on alcohol. Their latest call is based on suggestions by the...

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