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Coverage of the business and financial impact of the Covid-19 epidemic.
SAB pulls the plug on its R2.5bn investment for 2020

SAB pulls the plug on its R2.5bn investment for 2020

4 Aug 2020 /  Melitta Ngalonkulu   3
As it experiences continuous strain on its finances due to the liquor ban.
Table Bay Hotel and Sun City remain closed

Table Bay Hotel and Sun City remain closed

4 Aug 2020 /  Suren Naidoo  
It still 'doesn’t make financial sense to open' with Covid-19 inter-provincial and international travel bans in place.
Zimbabwe government minister died from Covid-19

Zimbabwe government minister died from Covid-19

31 Jul 2020 /  MacDonald Dzirutwe, Reuters  
Country has recorded 2 879 confirmed cases of the coronavirus and 40 deaths.
SA tourism industry’s decade of dashed hopes

SA tourism industry’s decade of dashed hopes

UPDATE
31 Jul 2020 /  Suren Naidoo   14
If President Cyril Ramaphosa really believes tourism is an apex sector for job creation, he needs to take the industry more seriously.
Lockdown eased: 10pm curfew plus travel permitted within your province

Lockdown eased: 10pm curfew plus travel permitted within your province

UPDATE
30 Jul 2020 /  Suren Naidoo   24
Date for relaxation of rules yet to be confirmed.
Cape Town puzzled over easing of its coronavirus crisis

Cape Town puzzled over easing of its coronavirus crisis

UPDATE
30 Jul 2020 /  Mike Cohen, Bloomberg   4
New cases and fatalities in the Western Cape plateaued in late June and have recently shown a small decline.
Business interruption claims to cost Old Mutual over R650m

Business interruption claims to cost Old Mutual over R650m

30 Jul 2020 /  Suren Naidoo   10
Group makes 'settlement’ offer in the wake of financial regulators reaching a landmark agreement with insurers to assist virus-hit small businesses
Pandemic pressure on Accelerate’s rent collections

Pandemic pressure on Accelerate’s rent collections

29 Jul 2020 /  Suren Naidoo   2
Group withholds full-year dividend and considers similar move for 2021.
Domestic airlines operating at 6% capacity – FlySafair CEO

Domestic airlines operating at 6% capacity – FlySafair CEO

29 Jul 2020 /  Suren Naidoo   10
Business and essential air travel not enough to keep airline industry afloat.
Huge opportunities for greater and more affordable connectivity

Huge opportunities for greater and more affordable connectivity

29 Jul 2020 /  Amanda Visser  
The Covid-19 pandemic has accelerated digitisation both locally and globally.
The IMF doesn’t play around

The IMF doesn’t play around

29 Jul 2020 /  Larry Claasen   24
The lender noted SA's commitment to 'transparently monitor and report' Covid-19 spend soon after Ramaphosa said he'll act on corruption.
New Toyota hybrid part of R2.5bn Durban investment

New Toyota hybrid part of R2.5bn Durban investment

29 Jul 2020 /  Suren Naidoo   7
Plans ‘still on track’ despite Covid-19.
Ramaphosa loses spokeswoman to virus fraud crackdown

Ramaphosa loses spokeswoman to virus fraud crackdown

28 Jul 2020 /  Paul Vecchiatto and Antony Sguazzin, Bloomberg   22
Husband of Khusela Diko tied to irregularities regarding the purchasing of PPE.
Gold has surged to a new record high, now it has been put on a blockchain

Gold has surged to a new record high, now it has been put on a blockchain

28 Jul 2020 /  Ciaran Ryan   6
Revix has made it possible to invest in gold without the burden of physical ownership.
IMF approves $4.3bn loan for SA to address Covid-19 challenges

IMF approves $4.3bn loan for SA to address Covid-19 challenges

27 Jul 2020 /  Tebogo Tshwane    30
A rapid financing instrument is a low-cost loan to IMF member countries needing emergency assistance, without needing a fully-fledged programme in place.

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