Business

The National Consumer Commission (NCC) has confirmed that it received its first complaint against Crowd1.

On top of being expected to raise R10.3 billion for the restructured South African Airways (SAA), the rescue practitioners’ final plan also proposes that the state support the new airline until it becomes profitable and self-sustaining, which is only likely to be in 2024.

The Automobile Association of South Africa says the country can expect another hefty fuel price hike going into July.

The Cape Chamber of Commerce and Industry says eight million jobs in the small, medium, and micro-enterprises sector are at risk because of the coronavirus lockdown.

South Africa's Competition Commission is looking into 1 300 complaints emanating from the Covid-19 crisis, its head Tembinkosi Bonakele told legislators on Tuesday.

Motorists are set to pay more at the pumps next month after two consecutive months of substantial fuel price cuts.

Following mounting pressure from business and threats of legal action, trade and industry and competition minister, Ebrahim Patel on Thursday gazetted new Covid-19 regulations that permit e-commerce on a variety of goods, but expressly prohibit the sale of alcohol and cigarettes.

Government has published regulations allowing for the trade of new and used vehicles during Level 4 of the lockdown.

New vehicle sales in South Africa plunged by 98.4% to 574 units in April compared with the same month last year. The National Association of Automobile Manufacturers of South Africa (NAAMSA) says this reflects the impact of the COVID-19 national lockdown which brought most business activity to a virtual standstill.