Pick n Pay’ on Tuesday witnessed a jump in share price from 3% after the group posted sales growth of almost 11% for the 18 weeks to 3 July. Its …
business
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BusinessSouthern AfricaTechnologyTelecommunications
Vodacom creates a separate legal entity for its tower business
Vodacom group has secured ownership of Tower company and looks to announce its MD in due course. On Thursday, the company said it is establishing a separate legal entity for …
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Hospitality, Travel & TourismSouthern Africa
Umlazi’s specialized AIDS clinic closing after 20 years
According to AIDS Healthcare Foundation Africa Bureau chief, Dr Penninah Iutung, patients at the facility will now be transferred to government health facilities where they are set to benefit from …
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Tongaat Hulett Shares in debt-laden surged by 17.78% on Tuesday following an announcement that Artemis Investments, which is controlled by shareholder activists, had increased its shareholding in the JSE-listed sugar …
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BusinessSouthern AfricaTechnology
Game stores witnesses Big change in South Africa, plans to take on the online giants
Massmart-owned Game stores says it is seeing significant successes through its turnaround strategy, with the group fundamentally changing its store layout, target markets and even what it sells. “We have …
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BusinessSouthern Africa
Southern African Clothing and Textile Worker’s Union strings together 7% wage deal.
The Southern African Clothing and Textile Workers’ Union (Sactwu) has said it settled its wage negotiations in the woven cotton sector for a two-year deal, which includes a 7% increase. …
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South African retailer Steinhoff on Friday posted a 13% rise in core profit and said its markets were likely to remain volatile in the near term from inflationary pressures and supply-chain …
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A South African businessman Thulani Majola, who is well connected to politicians on both sides of the Lesotho border, won a controversial R35 million (M35 million) consultancy to supervise an …
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BusinessSouthern AfricaTransportation & Logisitics
FlySafair adds new routes, takes advantage of rival’s collapse
FlySafair, South African airline plans to add at least 10 new routes across sub-Saharan Africa to take advantage of a gap in the market left by the collapse of domestic …
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BusinessSouthern Africa
Virgin Active to combat work from home trends, plans flexible pricing and online offerings
Virgin Active says its clubs in South Africa are showing good traction on membership recovery following a lift in the restrictions around capacity, in line with lockdown regulations in February …