The employment and labour department says the Unemployment Insurance Fund (UIF) has to date paid in excess of R15bn to beneficiaries of the company relief scheme.
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.
When we feel helpless we often stay mum because we feel we have no control, but there is always something you can do, says financial planner and columnist Zanele Kunene.
The auctioning of a man’s house for a mere R1,000 was a “massive destruction of value” and you have to wonder how the bank could allow this to happen, says a legal expert.
Medical schemes are expecting a rise in mental health claims once the lockdown ends, despite a decrease in hospital admissions for these conditions in the last two months.
The SA Future Trust fund, established by Nicky and Jonathan Oppenheimer, has enabled thousands of small businesses in the country to support employee wage relief.
Airports Company SA (Acsa) says it needs an injection of R3bn from government over the next three years, citing the impact of the Covid-19 pandemic on the air travel business.
Platinum mining group Implats has temporarily suspended operations at its Marula operation in Limpopo after detecting a "cluster" of positive Covid-19 cases.
The effect of some of your pension fund contributions being invested at lower prices after a market crash allows you to enjoy the good growth that comes from the recovery.
If you are within about five years of retirement and your savings have taken a hit with the recent market falls, there are some things you need to think about.
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.
Struggling transport utility Passenger Rail Agency of SA (Prasa) says it has lost R199m since the start of the lockdown to curb the spread of Covid-19.
The opening of the Deeds Office means homeowners who sold their homes before lockdown will be able to now receive the proceeds as those deals are processed, estate agents say.
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 African Breweries has likened provisions of the lockdown to the Prohibition in the US in the 1920s and 30s that saw criminals cash in on illicit trade and consumers exposed to hazardous brews.
If you’ve had to take a pay cut, you may be feeling hopeless, especially if you were living frugally before your wages or salary was slashed. But there is hope.
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.
Bongisizwe Mpondo, administrator of the troubled Passenger Rail Agency of SA (Prasa), will meet disgruntled trade unions on Friday over the proposal to retrench workers.
