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WATCH LIVE: Prasa still under spotlight at state capture inquiry
On Tuesday, Popo Molefe said allegations of corruption and maladministration had collapsed governance at Prasa, leaving it in dire financial straits.
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Africa free-trade vision clouded by virus and pace of talks
The African Continental Free Trade Agreement (AfCFTA) was formally launched just over a year ago in a blaze of optimism.
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Zondo shocked as ‘no one’ tried to recover looted Prasa money
Zondo has asked how billions could be looted from the state-owned entity yet no one seems to have been held accountable.
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SA heads towards 'tougher times' as GDP contracts by 2%
This was the third consecutive decline with the economy remaining in recession.
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Rand dips after GDP data, stocks up
Statistics South Africa said that first-quarter gross domestic product contracted 2% from the previous three months, led by declines in mining and manufacturing.
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Motorists rush to fill tanks before midnight fuel price hike
The Energy Department has released the adjusted fuel price increases for July, which will also see the cost of diesel and illuminating paraffin rise substantially.
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MTN launches 5G network across major cities in SA
MTN said it launched 5G services across 100 network towers in Johannesburg, Cape Town, Bloemfontein, Port Elizabeth and several smaller towns.
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Maluleke: Global effects of COVID-19 were already being felt in Q1
The second-quarter results are expected to paint an even bleaker picture of the impact of the national lockdown, which forced businesses to shut down, halting economic activity for over two months.
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SAA BRPs criticised for drawn out process as retrenchment judgment reserved
Judgment has been reserved in the appeal case between the South African Airways (SAA) business rescue practitioners (BRP) and three workers' unions.
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GDP pre-coronavirus lockdown fell by 2%
This data does not include post lockdown data on the economy’s performance.
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Consumers urged to avoid pre-lockdown spending habits
DebtBusters’ COO, Benay Sager, said although inflation was at the bottom end of the Sarb’s target range at 3%, the reality for most people was that incomes were not going to increase.
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WC taxi operators to hold further talks on 100% passenger loading capacity
Santaco in the province appeared undecided on whether to violate regulations by loading 100% capacity per load of passengers.
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COVID-19: Standard Bank gets R3bn loan to help customers
On Tuesday morning, the bank said the funds would be used for immediate relief for its customers and ongoing support for eligible enterprises.
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Soweto restaurant owners say sit-down meals without liquor will cost them
Level 3 lockdown regulations stipulate that alcohol could only be consumed at home and not in public.
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'On our knees': Kenya's tourism revenue collapses
The sector is one of the leading sources of foreign exchange, earning 163.56 billion shillings ($1.54 billion) last year, which had been expected to grow 1% in 2020.
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Nissan to launch 7 models in Africa to pursue growth
The company announced a plan last month to cut the number of models it makes globally and improve efficiency after the pandemic triggered its first annual loss in 11 years.
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Rand steadies, coronavirus concerns remain
The coronavirus crisis is expected to take a heavy toll on Africa’s most industrialised economy, which is already in recession.
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No point in opening if no alcohol sold, say Soweto's Vilakazi Street restaurants
Government gave restaurants the go-ahead from Monday to open with stringent measures, including using hand sanitisers and basic screening on entrance.
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BP sells petrochemical arm to Ineos for $5bn
BP said that 1,700 staff employed by its petrochemical business worldwide were expected to transfer to Ineos on completion of the sale that meets a $15-billion divestment target one year early.
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Mbalula announces reopening of more domestic airports under level 3 lockdown
However, all international passenger flights remain prohibited unless Transport Minister Fikile Mbalula approves it.
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Zondo shocked to learn Prasa's had no permanent CEO or board since 2015
Former board chair Popo Molefe has told the commission that there have only been acting CEOs and interim boards since 2015.
