Business

Some businesses that were affected by the unrest and looting in July, largely in KwaZulu-Natal and Gauteng, have already received a total of R5.8 billion worth of insurance payouts from the South African Special Risks Insurance Association (Sasria).

The Financial Sector Conduct Authority (FSCA) has slapped a R50-million administrative penalty on Viceroy Research and three partners for publishing “false, misleading or deceptive” statements about Capitec Bank in 2018 that had a negative impact on their shares.

"We are working on the assumption that by 2035 we will be able to produce 100% electric [vehicles] and so we are preparing the production network for that" This follows the announcement by some countries that ICE vehicles will be banned from 2035.

Fuel price outlooks are showing modest changes in all grades of fuel for September.

With remote working increasing on the back of the Covid-19 pandemic, MTN general manager for the Eastern Cape, Gregg Anderson, notes that quality network coverage and good internet speeds remain key resources in bridging the digital divide and closing existing digital access gaps in South Africa.

South Africa’s tough economic climate over several years, coupled with the financial pressure put on households by the Covid-19 pandemic, is threatening to create a lost generation in the country who will not be able to retire because they simply could not save enough during this period.

Mango announced on Tuesday that its services and all flights are temporarily suspended until further notice.

Shoprite Holdings has revealed that just over 200 of the group’s stores in KwaZulu-Natal and Gauteng were affected by the looting and vandalism in the two provinces last week.

The NCC says the regulations were published in the Government Gazette in March last year and are still in place to protect consumers against unfair, unreasonable or unjust pricing.