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LATEST Covid-19  

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

Momentum braces for third spike in infections; may need to up provisions

4 Mar 2021 /  Nompu Siziba   2
‘January and February had very high Covid claims’ - Risto Ketola, group finance director at Momentum Metropolitan Holdings.

Pandemic plunges Acsa into R1.47bn half-year loss

4 Mar 2021 /  Suren Naidoo   4
But CEO says group is in a ‘much better place’ than mid-2020.

Cashbuild could be back at R500 a share – Clark

3 Mar 2021 /  Suren Naidoo  
With the group 'on track for a stellar FY2021 and FY2022'.

Pizza and burger categories come out tops among Spur’s virtual kitchen brands

2 Mar 2021 /  Nompu Siziba   1
Spur CEO Val Nichas discusses strategies implemented for both staff retention and store survival during the Covid onslaught, as well as its interim results.

Spur H2 profit down 73%, interim dividend payment deferred

2 Mar 2021 /  Thando Maeko   11
To preserve cash amid continued uncertainty due to Covid-19

Sea Harvest weathers the pandemic, sees annual revenue surge 10%

2 Mar 2021 /  Simon Brown   1
We are in food and probably very fortunate that we sell to so many countries around the world: CEO Felix Ratheb.

Interim results show Cashbuild cashing in on home improvement boom

UPDATE
2 Mar 2021 /  Suren Naidoo  
Group declares a half-year dividend on double-digit growth.

Despite cash constraints City Lodge opens new Waterfall City hotel

2 Mar 2021 /  Suren Naidoo  
Group reports after-tax loss of R550m for its half-year, as pandemic continues to affect occupancies.

CDC Recommends Johnson & Johnson’s One-Shot Vaccine

1 Mar 2021 /  Angelica LaVito and Josh Wingrove, Bloomberg    1
Millions of doses to be shipped worldwide.

‘Attractive development pipeline’ a key factor in R500m Oppenheimer investment

1 Mar 2021 /  Suren Naidoo   2
JSE-listed MAS Real Estate is planning around €600m (close to R11bn) worth of projects in Europe.

Ramaphosa moves SA to level 1 restrictions

28 Feb 2021 /  Alexander Winning, Reuters   1
SA signs deal with J&J for 11 million vaccine doses.

Dlamini-Zuma again given five days to amend lockdown regulations

25 Feb 2021 /  Ciaran Ryan   5
Or face contempt of court charge – following a challenge brought by Liberty Fighters Network.

Unemployment rate increased by 1.7 percentage points to 32.5%

23 Feb 2021 /  Thando Maeko    17
This is the highest unemployment rate recorded since 2008

Sasol is making headway against its challenges

23 Feb 2021 /  Adriaan Kruger  
The good news is that a rights issue won't be necessary – but no dividends yet.

Sasol slashes debt by R63.4bn, avoids dilutive rights issue

UPDATE
22 Feb 2021 /  Suren Naidoo   16
Improved interim financial results sees uptick in share price in early morning trade, however, the stock ended the day marginally lower.
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