LATEST Covid-19  

Coverage of the business and financial impact of the Covid-19 epidemic.

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

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

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

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

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

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

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

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

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

29 Jul 2020 /  Amanda Visser  
The Covid-19 pandemic has accelerated digitisation both locally and globally.

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

29 Jul 2020 /  Suren Naidoo   7
Plans ‘still on track’ despite Covid-19.

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

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

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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