SA Airways' joint business rescue practitioners (BRPs) on Wednesday shot down an "unvetted" statement issued by the airline the previous day saying it was ready to resume domestic flights from mid-June
Food producer Tiger Brands is looking to cut "significant" numbers of jobs and has scrapped its interim dividend due to supply disruptions and margin pressures linked to the coronavirus, it said on Monday.
Unibisco is the first company to be exposed as having allegedly failed to disburse money claimed from the Unemployment Insurance Fund Covid-19 relief fund to its employees. Labour minister Thulas Nxesi named and shamed the biscuit manufacturer after hundreds of workers this week were up in arms after they were not paid.
South Africa's central bank has temporarily prohibited the use of debt issued by the Land Bank as collateral after the state agricultural lender was downgraded deeper into junk status and missed $2.7 billion (R49.5 bln) in loan repayments.
A pharmacy group accused of charging excessive prices for face masks and hand sanitisers at its Nelspruit and Pretoria branches has agreed to pay a R30,000 fine and make a donation to the solidarity fund for Covid-19.
South Africa has entered level 4 of the Covid-19 induced national lockdown with an uncertain ending, scores of businesses from SMMEs to major corporations are gasping to catch up to the fast-paced forced evolution of the business world.