Reuters

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Rand surges as dollar slumps

The rand’s gains came despite data showing an $8 billion budget deficit in July, and research from a science council showing 2020 had seen the worst power cuts on record.

Coca-Cola to cut thousands of jobs as coronavirus hits sales

The company was offering voluntary redundancy to 4,000 workers in the United States, Canada and Puerto Rico and would offer similar deals in other markets, it said in a statement, while also signaling other layoffs were likely to follow.

South African teams return to contact training next week

Super Rugby sides the Bulls, Lions, Sharks and Stormers are set to tackle PRO14 outfit the Cheetahs, and domestic teams Pumas and Griquas in a local competition that SA Rugby had hoped would begin by the middle of next month.

Denel not planning to seek further bailouts

Denel, which makes military equipment for South Africa’s armed forces and clients around the world, is one of several troubled state-owned companies in the country that have been kept afloat by government bailouts in recent years.