Economic and finance news related to South African and global companies | Fin24

Some mines lagging behind in lockdown safety standards - Mantashe

33 minutes ago

Minister of Mineral Resources and Energy Gwede Mantashe said his department found during unannounced site visits at collieries that not all were equally prepared to introduce safety guidelines to stem the spread of the coronavirus.


Helios has $350m primed for expansion after virus eases

Apr 03 2020 14:28

Helios Towers's plans to expand following last year’s London share sale may have been waylaid by the coronavirus outbreak, but the Africa-focused company has $350 million primed and ready for when dealmaking can resume.

Financial Services

Rand Merchant Bank urges coordinated effort to soften virus blow

Apr 03 2020 09:00

Rand Merchant Bank urged South African lenders and other finance firms to adopt a more coordinated approach with the government to the economic crisis caused by the coronavirus outbreak.


Amazon hires 80 000 people to cope with coronavirus orders

Apr 02 2020 18:03 said it has hired 80 000 people to help meet demand for online orders from people hunkered down during the pandemic and has stepped up safety precautions at its US warehouses.


Famous Brands makes U-turn on Gourmet Burger Kitchen investment as coronavirus strikes

Apr 02 2020 17:28

Famous Brands, the owner of Steers and Wimpy, will cut funding to its long-time struggling British fast food operation, Gourmet Burger Kitchen, due to a deterioration in sales caused by the coronavirus pandemic.


Emirates to resume limited passenger flights

Apr 02 2020 17:12

Emirates Airline said Thursday it is to resume a limited number of outbound passenger flights from April 6, less than two weeks after its coronavirus-enforced stoppage.


Investment Holdings

Coronavirus | Dividends are falling. Should executives also take paycuts?

Apr 02 2020 06:01

On Wednesday alone, four JSE-listed firms withdrew their earnings guidance for 2020 and promises of dividends to shareholders. Shouldn’t companies also re-look at executive remuneration and directors’ fees so that the pain of the crisis is not only borne by shareholders?

Company Snapshot

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