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Transaction Capital finds trust among used-car salesmen

Business Sarah Smit -

The firm believes the second-hand vehicle business will thrive in a post-Covid world

Grocers reap tidy profits from liquor

Business Sarah Smit -

Covid-19 bans on alcohol and the recent violence have exposed just how important booze sales are to retailers that once only filled trolleys with food

Masondo mulls listing Eskom on the JSE as potential solution to the power utility’s debt crisis

Business Tunicia Phillips -

Deputy Finance Minister David Masondo says his comments were not the treasury’s official stance, but out-of-the-box thinking was needed to deal with the utility’s hefty deb

Companies affected by unrest can apply for support as soon as next week

Business Eunice Stoltz -

Labour Minister Thulas Nxesi urges employers to be honest when applying for help

Mboweni extends R38bn to cope with double calamity of Covid-19 and unrest

Business Emsie Ferreira -

The finance minister extended the Ters relief and the social distress relief grant, and also ensured businesses hit by looting can access insurance

R350 relief grant will be paid into bank accounts or via cash-send services

Business Sarah Smit -

There are concerns that post office branch closures will make it difficult for beneficiaries to access the grant

South Africa at risk of spillover from international inflation, economists say

Business Tunicia Phillips -

Higher international oil prices, for example, could affect local transport costs through second-round effects

Carbon tax to align to UN treaties

Business Tunicia Phillips -

Amendments to offset regulations published on 8 July give clarity on big emitters carrying old carbon credits to a new framework

Tobacco farmers want the taxman to do more to control illegal cigarette trade

Business Tshegofatso Mathe -

The Black Tobacco Farmers’ Association the introduction of a minimum price level for cigarettes

Employment bloodbath on the cards

Business Tunicia Phillips -

The unrest in Gauteng and KwaZulu-Natal has deepened the country’s unemployment crisis as the government mulls additional relief funding

Violence sparks new calls for basic income grant

Business Sarah Smit -

Analysts agree that economic relief for the poor is needed but are split on whether a grant should be permanent and whether it is affordable

Mboweni talk disrupted by chants of ‘austerity kills’

Business Sarah Smit -

The Thursday-night discussion was held a week after riots gripped the nation, renewing calls for a basic income grant

Riots cause Reserve Bank to revise growth expectations

Business Sarah Smit -

Last week’s violence will likely slow South Africa’s economic growth, the central bank’s monetary policy committee said on Thursday afternoon

Top South African companies trip up in Nigeria

Business Sarah Smit -

Local firms have struggled to adapt to the regulatory environment and the dynamics of an unpredictable market

Destruction hits business confidence

Business Sarah Smit -

An already low sentiment will be set back by the Covid-19 pandemic, thin reforms and this week’s violence

Unrest’s economic hit is likely temporary, but risk of fiscal strain mounts — Fitch

Business Sarah Smit -

The ratings agency warned that South Africa’s public finances could be affected if the government reacts to the riots by easing fiscal policy

Fuel shortages loom as unrest forces SA’s largest refinery to shut

Business Sarah Smit -

Sapref declares force majeure, shutting down 35% of SA’s fuel supply

Sassa payments at cash paypoints suspended due to riots

Business Charma du Plessis -

Sassa has suspended cash payments after the cash-in-transit industry halted cash delivery until further notice in response to rioting and looting

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