Asian and European countries rushed to tighten restrictions on Friday after a new and possibly vaccine-resistant coronavirus variant was detected in SA, with Singapore and India announcing stricter border controls.
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Sipho Pityana has been removed from the Absa board with immediate effect, the banking group said on Wednesday, due to "dereliction" of his board responsibilities.
Spiralling shipping costs and Covid-19 supply chain disruptions are accelerating a shift by SA retailers to end their heavy reliance on Asia and move to source products locally.
The rand slumped to its worst ever in a year against the dollar on Friday as contagion effects of the meltdown of Turkish lira on emerging market currencies played alongside concerns of rising coronavirus cases and lockdowns in Europe.
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Vodacom Group Ltd said on Wednesday it would buy a 55% stake in the Egyptian arm of parent Vodafone Group Plc for $2.74 billion, as it looks at consolidate its presence on the continent and boost profit.
MTN Group Ltd recently made a takeover approach for Telkom SA SOC in a deal that would have combined SA’s second and third largest telecommunications operators, according to sources familiar with the matter.
Work is due to begin on Botswana's second privately-owned coal mine in the first quarter of next year, the CEO of Maatla Resources told Reuters, despite calls to abandon coal.
The Gauteng High Court has instructed sanitiser and disinfectant manufacturer Vex Hygiene to stop using the SA Bureau of Standards approved trademark and remove it from all its products and packaging.
The Capital Hotels and Apartments, which owns and operates several luxury establishments in SA, says it has achieved its vaccination targets across its group.
According to new research from Boston University's Global Development Policy Center, the G20 pledge means that 99% of all development finance institutions are committed to cutting coal investment and raising support for renewables.
Growth in sub-Saharan Africa's big economies will be mixed into 2022, after a year of recovery from Covid-19 lockdowns, as life slowly returns to normal amid low vaccination rates, a Reuters poll found on Wednesday.
