Business
Amazon fined €746 million over data security
Amazon was sued by a European consumer group claiming personal data was collected for ad targeting without permission.
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Transnet to lift force majeure declaration on Monday
The force majeure took effect after Transnet experienced a cyber-attack, necessitating those operations be conducted manually.
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SACCA: DPE blackmailing us to withdraw our Mango business rescue bid
The SACCA says bridging finance is available but would only be available once unions withdrew their application.
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Gauteng lost an estimated R3.5bn & 14,500 jobs due to riots - Makhura
Gauteng Premier David Makhura has presented an update on recovery plans following violent looting and destruction.
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Govt to assist informal businesses affected by riots through existing programmes
Small Business Development Minister Khumbudzo Ntshavheni said that the informal and micro-enterprise programme, along with the township and rural entrepreneurship programme, would be used as vehicles to assist informal business owners.
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Govt set to assist businesses affected by looting with capital, machinery
Department of Trade and Industry and Competition Minister Ebrahim Patel told reporters that R3.9 billion had been raised to respond to the needs of factories, companies, small businesses among others whose properties were stolen or destroyed in the July mayhem.
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Facebook doubles profit but sees cooling growth
Profit jumped to $10.4 billion on revenue of $29 billion, a 56% increase from last year, mainly from a jump in ad revenues.
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AstraZeneca says COVID-19 vaccine sales top $1.0bn
The jab is one of the world's leading vaccines and has been vital in Britain's speedy vaccination drive which enabled the economy to fully reopen this month.
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Mboweni: Better GDP growth means higher tax revenues
Finance Minister Tito Mboweni said that the government was concentrating its efforts on better GDP for a reason.
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Transnet cyberattack a massive setback that's causing logjams, losses - SAAFF
Various port terminals were hit by cyber sabotage earlier this month. It halted operations at container terminals in Cape Town, Durban, Ngqura and Port Elizabeth.
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Retirement fund access: Treasury aims to finalise framework by end of year
Finance Minister Tito Mboweni said that he was determined to ensure that officials at Treasury fast-tracked the process to ensure that workers could access portions of their retirement funds.
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Cosatu calls on Treasury to expedite R39bn fiscal relief package
On Wednesday, Treasury announced that the relief measures would cost about R39 billion, which would not require borrowing.
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Nxesi: Workers at risk of losing jobs due to riots will be helped through UIF
Labour Minister Thulas Nxesi said that 75,000 jobs were on the line in the wake of the deadly carnage in KwaZulu-Natal and Gauteng.
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Pfizer raises 2021 outlook on surging COVID-19 vaccine sales
Pfizer Chief Executive Officer Albert Bourla said more than a billion doses of the vaccine have been delivered, saying "the speed and efficiency of our efforts with BioNTech to help vaccinate the world against COVID-19 have been unprecedented."
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Export of citrus not affected by Transnet cyberattack, says association
The state-owned entity said it's working around the clock to get its IT system back online after its systems were infiltrated last week.
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McDonald's global sales soar in Q2 as COVID-19 restrictions ease
The global fast-food chain said total comparable store sales in the three months ended June 30 jumped 40.5%, pushing profits to $2.2 billion compared just $483.8 million in the same period of 2020.
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DTI plans support for informal businesses affected by theft and violence
The Department of Trade and Industry is exploring ways of extending its support for informal businesses worst-hit by looting earlier this month.
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WATCH LIVE: Nxesi outlines lockdown level 3 measures for labour sector
South African moved to level 3 on Sunday, after President Cyril Ramaphosa announced the downgrading of the lockdown measures.
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Govt will not borrow to finance fiscal support package - Treasury
The finance ministry and National Treasury held a briefing to unpack the details of the measures meant to cushion workers who lost their jobs and uninsured businesses which were affected.
