Africa Edition Headlines

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 2020-04-03 16:30 

Business Report (IOL)

Apple tells staff U.S. stores to remain closed until early May...

Apple told employees that its retail stores in the U.S. will remain closed and work-from-home procedures will stay in place until early May....

 2020-04-03 15:30 

Business Report (IOL)

H&M sees second-quarter loss as pandemic slams sales in March...

H&M said it expected a loss in the second quarter after reporting a 46 percent plunge in March sales as the coronavirus pandemic took a toll on the retail sector....

 2020-04-03 14:55 

Business Report (IOL)

Helios has $350m primed for expansion after virus eases...

Helios Towers Ltd.'s plans to expand following last year's London share sale may have been waylaid by the coronavirus outbreak....

 2020-04-03 14:30 

Business Report (IOL)

Virus lockdowns confront billions working in the shadow economy...

How do governments control activity in an economy they never really controlled in the first place?...

 2020-04-03 13:30 

Business Report (IOL)

Clicks to equip staff with visors and installs plexiglass screens at cashpoints...

Clicks is equipping its stores with plexiglass screens at tills and in the pharmacy, to help protect staff and customers from the spread of the Covid-19 virus....

 2020-04-03 13:27 

Business Report (IOL)

With the Covid-19 crisis professionals need extra support more than ever...

The current state of emergency around Covid-19 has caused increased levels of stress, anxiety and depression around the world....

 2020-04-03 12:30 

Business Report (IOL)

Quantum Foods paints a grim picture...

Earnings could plunge as much as 38percent on significant reduction in profitability from the eggs business...

 2020-04-03 11:53 

Business Report (IOL)

Tala launches nearly R107 mln rebuild fund to bolster Kenyan businesses, communities...

Tala on Friday announced the launch of a Ksh 605m rebuild fund to bolster Kenyan businesses and communities in the face of the Covid-19 pandemic...

 2020-04-03 11:47 

Business Report (IOL)

CIPC to cancel certificates not designated as essential services...

The CIPC has established that certain companies not designated as essential services have fraudulently applied on the Bizportal website....

 2020-04-03 11:30 

Business Report (IOL)

Lockdowns predicted to take a heavy toll on GDP around the world...

NKC African Economics has warned that global economic growth in the first half of 2020 would be even weaker than its zero percent forecast....

 2020-04-03 11:01 

Business Report (IOL)

Transnet to begin transporting non-essential cargo during lockdown...

Transnet said on Friday it would will start moving non-essential goods during a nationwide lockdown....

 2020-04-03 11:00 

Business Report (IOL)

FNB Connect slashes data prices by up to 55%, gives 1GB free data during lockdown...

FNB Connect has announced it will be reducing data prices by up to 55 percent, in April 2020 and will double customers' data on their Lifestyle plans....

 2020-04-03 10:30 

Business Report (IOL)

Airline industry braces for lengthy recovery from coronavirus crisis...

International seat capacity has dropped by almost 80 percent from a year ago and half the world's airplanes are in storage, new data shows....

 2020-04-03 10:00 

Business Report (IOL)

New vehicle sales poised to tumble further...

New vehicle sales are set to tumble further in April after recording a dramatic 29.7percent year-on-year fall in March....

 2020-04-03 09:30 

Business Report (IOL)

Neiman Marcus advances bankruptcy preparations - sources...

Neiman Marcus Group is stepping up preparations to seek bankruptcy protection, after the coronavirus pandemic forced them to close its stores....

 2020-04-03 08:30 

Business Report (IOL)

Droppa, the bakkie version of Uber shifts business model in Covid-19 response...

Droppa, the bakkie version of Uber, said yesterday it was shifting the focus of its business model in response to the Covid-19 lockdown....

 2020-04-03 08:00 

Business Report (IOL)

Loot.co.za launches Essentials Shop to deliver essential goods during lockdown...

South African e-commerce retailer Loot.co.za has launched Essentials Shop that will deliver essential items to customers....

 2020-04-03 08:00 

Business Report (IOL)

What compensation can you get if you contract coronavirus at work?...

In order to qualify, the occupational acquired Covid-19 disease (OACD) must have been contracted by an employee in the course of his or her employment....

 2020-04-03 07:30 

Business Report (IOL)

Tech News: Data and Artificial Intelligence in the Covid-19 crisis...

If big data is combined with AI, it becomes a powerful tool that could assist in limiting the spread of a disease....

 2020-04-03 07:06 

Business Report (IOL)

WATCH: Rand falls to its weakest level as concerns of global recession grip markets...

Get the latest market update and top stories from our newsrooms across South Africa, Africa and the world....

 2020-04-03 07:00 

Business Report (IOL)

Sasol becomes a big beneficiary of rise in crude, as deal in price war beckons...

The shares of MTN Group and Sasol muscled higher on the JSE yesterday....

 2020-04-03 06:42 

Business Report (IOL)

Moody's changes Formula One's outlook to negative...

Moody's did not rule out a full wipe-out of the season but said Formula One had the resources to withstand that eventuality....

 2020-04-03 06:30 

Business Report (IOL)

Calls for billions to be released from medical schemes' emergency reserves to fight coronavirus...

Financial services company KHUSA Consulting has called for the release of billions of rands from medical schemes' emergency reserves to help treat Covid-19 patients in South Africa....

 2020-04-03 05:30 

Business Report (IOL)

Covid-19: Cellphone tracking a double-edged sword...

Using technology for the public good, the Chinese joined hands with tech giants to develop a colour-coded health rating system that tracked millions....

 2020-04-03 04:30 

Business Report (IOL)

Covid-19: Are distorted statistics fuelling unnecessary panic?...

While every effort must be made to continue to contain the spread of the virus, it is also vital for the fair reportage of the statistics....

 2020-04-03 04:00 

Business Report (IOL)

Discovery Vitality introduces new benefits to customers during lockdown...

Discovery Vitality is adjusting its wellness offering to members to encourage healthier choices during this 21-day lockdown....

 2020-04-02 20:30 

Business Report (IOL)

Half of all jobs in Africa imperiled by virus fallout...

Africa may be two to three weeks away from the height of a coronavirus outbreak....

 2020-04-02 19:30 

Business Report (IOL)

RMB urges coordinated effort to soften virus blow...

Rand Merchant Bank urged South African lenders and other finance firms to adopt a more coordinated approach....

 2020-04-02 18:30 

Business Report (IOL)

Dineplan releases free voucher system to aid hospitality industry during lockdown...

South African reservations management software company, Dineplan, has launched an initiative to help generate cashflow during the lockdown period....

 2020-04-02 17:30 

Business Report (IOL)

WeWork troubles deepen as SoftBank pulls $3bn tender offer...

SoftBank Group said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders....

 2020-04-02 17:00 

Business Report (IOL)

A more challenging year for South Africa's banks in 2020...

The South African operating environment is particularly exposed to the Covid-19 pandemic because of its highly dense and vulnerable communities...

 2020-04-02 16:50 

Business Report (IOL)

EFF slams financial sector for not granting payment holidays for all South Africans...

For the national lockdown to succeed all people should be given payment holidays from their mortgage bonds, insurance, medical aid, installments and loans, the EFF said....

 2020-04-02 16:30 

Business Report (IOL)

African Development Bank wins award for social bond issued in 2019...

The African Development Bank said it had received an award for its successful one billion Norwegian krone social bond issued in 2019....

 2020-04-02 16:00 

Business Report (IOL)

Covid-19: 'n Boer Maak 'n Plan A farmer makes a plan...

No one can say with absolute certainty how long the road will be, but many unanimously believe that it will end. They also know they will get through it....

 2020-04-02 15:30 

Business Report (IOL)

OPINION: Covid-19 may be a tipping point for knowledge work...

South Africa is under lockdown for 21 days, and many of us who would ordinarily be going to an office to work every day are now working from home...

 2020-04-02 15:00 

Business Report (IOL)

Amazon to deploy masks and temperature checks for workers by next week...

Amazon.com plans to roll out temperature checks and face masks for staff at all its US and European warehouses....

 2020-04-02 14:30 

Business Report (IOL)

Demand for health gadgets surges in lockdown, likely to last...

Fitness gadgets are selling out, home exercise classes have never been more popular and robot designers are pivoting to making sanitation bots....

 2020-04-02 14:00 

Business Report (IOL)

Google searches for business loans surge by 317 percent amid Covid-19 pandemic...

Jamaicans were the most interested in a business loan with a Google search popularity score of 100. South Africa came second with a score of 59....

 2020-04-02 13:38 

Business Report (IOL)

KPMG reprimanded, again, and fined $560,000 for audit failings...

KPMG and one of its senior partners have been reprimanded and fined $560,000....

 2020-04-02 13:30 

Business Report (IOL)

Altron plans to demerge and list Bytes UK separately...

JSE-listed technology company Allied Electronics (Altron) said on Thursday that it planned to demerge and separately list its UK business....

 2020-04-02 13:00 

Business Report (IOL)

Covid-19 teaches businesses that flexibility is a non-negotiable...

While for some working from home may have been a regular practice, for most it is a new way of working and presents new challenges....

 2020-04-02 12:30 

Business Report (IOL)

Japan buyers set Q2 aluminium premium at $82/tonne...

The premium for aluminium shipments to Japanese buyers for April to June was set at $82 per tonne, down 1.2% from the preceding quarter....

 2020-04-02 12:09 

Business Report (IOL)

#KeepTheSpirit: Premium spirits provider commits R2 million to support bartenders, waitrons...

The hospitality sector has been hardest hit by the Covid-19 crisis and among those most deeply affected are members of the bar and restaurant community....

 2020-04-02 12:09 

Business Report (IOL)

#KeepTheSpirit: Premium spirits provider commits R2m to support bartenders, waitrons...

The hospitality sector has been hardest hit by the Covid-19 crisis and among those most deeply affected are members of the bar and restaurant community....

 2020-04-02 12:00 

Business Report (IOL)

Market turmoil resumes as Covid-19 fears deepen...

Psychology has impacted asset prices, and with more people realising that the virus could reach them in some way or has infected someone they know....

 2020-04-02 11:38 

Business Report (IOL)

African governments team up with tech giants to fight coronavirus lies...

Governments across Africa are teaming up with technology giants including Facebook and WhatsApp to fight misinformation about coronavirus....

 2020-04-02 11:32 

Business Report (IOL)

CIPC takes key functions online, suspends business rescue proceedings...

The Companies and Intellectual Property Commission have taken some of its key services online....

 2020-04-02 11:30 

Business Report (IOL)

Property industry approaches Treasury for help...

The listed property industry, already one of the worst-performing sectors on the JSE, has approached the National Treasury for financial relief....

 2020-04-02 11:24 

Business Report (IOL)

WHO secures 2 million USD to contain Covid-19 pandemic in Africa...

The grant will contribute toward a 50-million-dollar WHO preparedness and response plan, which other partners including the United Nations system, are also supporting....

 2020-04-02 11:24 

Business Report (IOL)

WHO secures $2m to contain Covid-19 pandemic in Africa...

The grant will contribute toward a 50-million-dollar WHO preparedness and response plan, which other partners including the United Nations system, are also supporting....

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