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There is growing desperation and little hope of observing physical distancing, says Crecey Kuyedzwa.
SA saw a record decline of nearly 30% in vehicle sales year-on-year in March.
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?
Grand Parade Investments, which recently sold its interest in Burger King in South Africa, reported a revenue growth of 19% to R844.4 million on Friday.
But the company's share price on the JSE remains depressed, trading at a huge discount to the firm's assets value.
The external auditors of the Pembury Lifestyle Group, which owns schools and retirement villages, have resigned with immediate effect following the suspension of the group's CEO and the exit of key finance staff.
Autopax, the operator of Translux and City to City buses, won't be able to pay its employees full salaries for January
ARC’s stake in Alexander Forbes will increase to 33.9%, while Mercer’s will decrease to 4.5%.
The black-owned investment holdings firm Kagiso Tiso Holdings has appointed Paballo Makosholo as its Chief Executive Officer and Tshepo Setshedi as the new Chief Financial Officer with immediate effect.
The first JSE-listed investment group's profit shrank by more than 600%.
African Equity Empowerment Investments expects that its financial results for the period to be reported on next will vary by 20% or more when compared to those of the prior reporting period.
The private higher education investment company says he will be replaced by Chris Vorster, the founder and CEO of the Southern Business School.
African Rainbow Capital's co-CEO Johan van der Merwe said the company's share is trading at a discount, bigger than that of its peers, and steps will be taken to address this.
SA will face an uphill battle to trim the state's wage bill.
This year's Budget will be all about avoiding Moody's downgrade, say economists
Goldman Sachs says Ramaphosa could unleash a wave of investment in SA
President Ramaphosa has defended a proposed sovereign wealth fund as investment in SA's future
In a short note to clients, the investment holding company did not say who the interested party was.
Black empowerment investment company Hosken Consolidated Investments plans to buy out Niveus minority shareholders in what seems to be a pretty sweet deal.
Yes 77% 2321 votes
77
No 4% 130 votes
4
In some cases 6% 189 votes
6
It'll never happen 13% 379 votes
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