The Foschini Group said on Monday it is set to buy some stores and selected assets of JET for R480 million ($28.69 million) from Edcon's administrators, allowing the South African retailer to expand into the apparel market.
The ANC is in discussions with the private pensions industry and National Treasury on how best to change the law to allow pension funds to invest directly in infrastructure projects.
Most of us are being forced to live on less as a result of the Covid-19 pandemic. This calls for careful management of money, including making sure our debit orders don’t bounce.
The Pension Funds Adjudicator has issued two determinations against the Oasis Crescent Retirement Fund ordering it to stop withholding benefits due to members.
Insurance Claims Africa (ICS) has welcomed the judgment of the Western Cape high court in which it compelled insurance company Guardrisk to honour the Covid-19 business interruption insurance claims of Cafe Chameleon, a Cape restaurant.
Retailer Massmart Holdings Ltd has started talks with unions to cut up to 1,800 jobs at the company's struggling Game stores as constrained spending and the new coronavirus weigh on performance.
Restaurant owners have doubts about their ability to turn any profits, or pay off huge debts accumulated in the past few months, given the restriction on alcohol consumption.
Media24 is considering the closure of five magazines and two newspapers and staff cuts in a restructuring shake-up accelerated by the "devastating" financial impact of the coronavirus pandemic.
Kenyan President Uhuru Kenyatta on Monday announced a "phased reopening" of the country, with the resumption of international flights from August 1 as well as the lifting of internal travel restrictions.
Rainfall was above average over most of Ivory Coast's cocoa growing regions last week, increasing the chances of a strong start to the next main crop in October, farmers said on Monday.
China's ambassador to Britain on Monday warned that London faced a risk to its international reputation if it blocked Huawei from the nation's 5G network.
Financials services group Old Mutual has appointed its former chief operating officer Iain Williamson as the new CEO with immediate effect, the insurer said on Friday.
When you enter into a credit agreement, you enjoy important consumer rights, including the right to receive a regular statement of account from your credit provider.
Many insurers offered premium relief for three months from April to June, but if you are still not earning or earning in full, you can still ask for premium relief.
A 25-year-old Pretoria warehouse worker allegedly blew through some of the R5.7m in Covid-19 relief funds irregularly paid into his personal bank account by the Unemployment Insurance Fund (UIF).
The department of basic education has announced that, after careful consideration of all the reports by the council of education ministers, only Grade R, 6 and 11 will return to school on Monday.
Ireland's former president Mary Robinson will lead a panel to investigate the leader of the African Development Bank (AfDB), accused by whistleblowers of corruption, the bank said.
ANC secretary-general Ace Magashule said on Wednesday the ruling party's decision to reinstate officials implicated in the looting of VBS Mutual Bank is not showing a middle-finger to the public but rather a matter of justice
Virus-related claims from just over 500 small South African firms battling insurers who have rejected them are worth up to 4 billion rand, the firm representing the businesses has calculated.
Deputy chief justice Raymond Zondo was on Tuesday at pains to understand how no one was held accountable for rampant looting at the Passenger Rail Agency of SA during the Zuma years.
