Edition:
India

Nqobile Dludla

UPDATE 2-S.Africa's Tiger Brands eyes 'significant' job cuts on coronavirus

25 May 2020

* Will rationalise personal care brands (Adds business updates, cost savings)

UPDATE 2-S.Africa's SPAR sees Polish business breaking even in 24 months

21 May 2020

* SPAR declares lower interim dividend vs prior yr (Recasts throughout with Poland comment from presentation)

South Africa's Growthpoint provides rent relief to nearly 1,500 small firms

18 May 2020

JOHANNESBURG South Africa's Growthpoint Properties said on Monday it had provided rent relief to 1,494 small, medium and micro enterprises (SMMEs) hit by a lockdown to contain the coronavirus pandemic.

UPDATE 2-South Africa's MTN sticks to medium-term forecast as earnings rise

14 May 2020

* South Africa market disappoints (Adds details, shares and graph)

South Africa lists clothing allowed for sale as lockdown eases

13 May 2020

JOHANNESBURG, May 13 South Africa's government has published a more detailed list of clothing that can be sold in a first phase of easing its lockdown, giving relief to a clothing industry starved of sales.

South Africa's Pick n Pay sees margin and profit pressure from COVID-19 lockdown

12 May 2020

JOHANNESBURG South Africa's Pick n Pay Stores Ltd said on Tuesday the COVID-19 pandemic is likely to hit its margins and profitability this year as lockdown measures prohibit the sale of some items including liquor, tobacco and clothing.

S.Africa's Shoprite sees surging demand for DIY hair and beauty products

12 May 2020

JOHANNESBURG, May 12 South Africa's Shoprite Holdings said sales of beauty products, such as hair colouring kits and conditioners, have soared at its supermarkets as consumers turn to do-it-yourself treatments while salons remain shut.

South Africa's Vodacom reports 8.9% jump in full-year earnings, postpones outlook

11 May 2020

JOHANNESBURG South African mobile operator Vodacom Group reported an 8.9% rise in annual earnings on Monday and postponed issuing medium-term forecasts due to the uncertain economic outlook as the effects of the coronavirus pandemic continue to unfold.

South African airline Comair files for business rescue

05 May 2020

JOHANNESBURG Comair said on Tuesday that it had entered voluntary business rescue - South Africa's bankruptcy protection process - after a nationwide lockdown to curb the spread of the coronavirus forced airlines to suspend all commercial flights.

South Africa eases lockdown of battered economy

01 May 2020

JOHANNESBURG South Africa took its first shaky steps on Friday towards rolling back one of the world's strictest COVID-19 lockdowns, seeking a balance between containing the disease and providing much-needed relief for the economy.

World News